Connecticut Orthopaedic Specialists P.C. 401(k) Review & Grade
Connecticut Orthopaedic Specialists, PC 401(k) Plan
Hamden, CTHealth Care & Social Assistance638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,648Employer $ per active participant
$5,891Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$115.2MNet plan assets, end of year
$148,879Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 57th |
| Employee saving | 87th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($132,669 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Connecticut Orthopaedic Specialists put in about $5,648 per active participant, more than the typical peer ($976). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,600,709 |
| Participant (employee) contributions | $3,755,585 |
| Other contributions (incl. rollovers in) | $587,345 |
| Administrative expenses paid from the plan | $198,277 |
| Other admin expenses | $198,277 |
| Benefits paid out | $7,187,313 |
| Net assets, start / end of year | $101.9M / $115.2M |
| Active participants, start / end of year | 627 / 648 |
| Participants with account balances | 774 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Hightower Advisors LLC | $57,770 reported compensation |
| The Angell Pension Group, Inc. | $46,677 reported compensation |
| Procyon Partners LLC DBA | $18,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150052NAL0009907250001, received 2025-10-15, EIN 06-0855842, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.