Vitalmd Group Holding. LLC 401(k) Review & Grade
Vitalmd 401(k) Plan
Miami, FLHealth Care & Social Assistance2,740 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,424Employer $ per active participant
$6,312Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$371.9MNet plan assets, end of year
$108,446Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 60th |
| Employee saving | 84th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,756 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vitalmd Group Holding. put in about $4,424 per active participant, more than the typical peer ($800). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $12,125,245 |
| Participant (employee) contributions | $17,297,407 |
| Other contributions (incl. rollovers in) | $9,857,795 |
| Administrative expenses paid from the plan | $312,856 |
| Investment advisory & management fees | $125,000 |
| Other admin expenses | −$630 |
| Benefits paid out | $18,962,018 |
| Net assets, start / end of year | $315.7M / $371.9M |
| Active participants, start / end of year | 2,622 / 2,859 |
| Participants with account balances | 3,429 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Haller Robbins Epelbaum Misiunasllc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $187,856 reported compensation |
| NFP Retirement Inc | $75,000 reported compensation |
| Empower Financial Services,inc. | $630 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014113929NAL0001293363001, received 2025-10-14, EIN 54-2129332, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.