Metropolitan Anesthesia Network, LLP 401(k) Review & Grade
Metropolitan Anesthesia Network Profit Sharing Plan
Plymouth, MNHealth Care & Social Assistance544 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$24,253Employer $ per active participant
$18,694Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$391.1MNet plan assets, end of year
$595,304Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 78th |
| Employee saving | 99th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,909 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metropolitan Anesthesia Network, LLP put in about $24,253 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.
- 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 | $13,193,662 |
| Participant (employee) contributions | $10,169,752 |
| Other contributions (incl. rollovers in) | $5,303,381 |
| Administrative expenses paid from the plan | $306,468 |
| Investment advisory & management fees | $263,962 |
| Benefits paid out | $23,608,682 |
| Net assets, start / end of year | $330.2M / $391.1M |
| Active participants, start / end of year | 534 / 554 |
| Participants with account balances | 657 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Punch & Assoc Investment Manag | $115,046 reported compensation |
| Schwab Retirement Plan Services,inc | $45,137 reported compensation |
| Advanced Capital Group Inc | $31,170 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251109180604NAL0001687619001, received 2025-11-09, EIN 41-1524692, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.