Medquest Associates, LLC 401(k) Review & Grade
Medquest Associates, LLC 401(k) Plan
Alpharetta, GAHealth Care & Social Assistance836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,199Employer $ per active participant
$4,491Employee $ saved per active participant
0.84%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
$15,844Average balance per account
Score breakdown
- Employer generosity42.0 / 5084th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 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 | 84th |
| Lower admin cost | 9th |
| Employee saving | 74th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $57 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Medquest Associates put in about $3,199 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 (0.84% 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.
- 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 | $2,675,858 |
| Participant (employee) contributions | $3,756,944 |
| Other contributions (incl. rollovers in) | $3,159,338 |
| Administrative expenses paid from the plan | $101,686 |
| Investment advisory & management fees | $13,856 |
| Benefits paid out | $1,389,192 |
| Net assets, start / end of year | $7.5M / $16.7M |
| Active participants, start / end of year | 553 / 1,120 |
| Participants with account balances | 1,054 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcnamara & Associates, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $78,249 reported compensation |
| Towers Watson Investment Services I | $9,646 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007102334NAL0007927248001, received 2025-10-07, EIN 57-0997427, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.