Ohi West Medical Group II LLC 401(k) Review & Grade
Florida Medical Clinic, LLC 401(k) Plan and Trust
Zephyrhills, FLHealth Care & Social Assistance1,850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,953Employer $ per active participant
$5,372Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$314.0MNet plan assets, end of year
$125,601Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost20.6 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 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 | 93th |
| Lower admin cost | 83th |
| Employee saving | 83th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ohi West Medical Group II put in about $5,953 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 | $11,015,337 |
| Participant (employee) contributions | $9,940,967 |
| Other contributions (incl. rollovers in) | $426,907 |
| Administrative expenses paid from the plan | $194,181 |
| Investment advisory & management fees | $55,006 |
| Other admin expenses | $35,006 |
| Benefits paid out | $21,805,697 |
| Net assets, start / end of year | $269.3M / $314.0M |
| Active participants, start / end of year | 1,835 / 1,866 |
| Participants with account balances | 2,500 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rivero Gordimer & Company PA |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $75,858 reported compensation |
| Strategic Advisors, Inc. | $55,006 reported compensation |
| BKS Financial Investments LLC | $35,006 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009133119NAL0003608275001, received 2025-10-09, EIN 92-3479126, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.