Highlands Oncology Group, P.A. 401(k) Review & Grade
Highlands Oncology Group, P.A. 401(k) Plan
Springdale, ARHealth Care & Social Assistance706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,812Employer $ per active participant
$3,643Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$54.0MNet plan assets, end of year
$67,214Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 24th |
| Employee saving | 63th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Blackout notice: the plan had a blackout period (when you can't change investments) without confirming the required notice.
Corrective distributions: the plan refunded $27,209 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Highlands Oncology Group, P.A. put in about $3,812 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.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,693,223 |
| Participant (employee) contributions | $2,573,589 |
| Other contributions (incl. rollovers in) | $589,039 |
| Administrative expenses paid from the plan | $255,794 |
| Other admin expenses | $255,794 |
| Benefits paid out | $8,368,137 |
| Net assets, start / end of year | $50.0M / $54.0M |
| Active participants, start / end of year | 673 / 740 |
| Participants with account balances | 803 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogan Taylor LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $8,762 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183623NAL0005640417001, received 2025-10-15, EIN 71-0788742, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.