Patient Accounting Service Center LLC DBA Getixhealth LLC 401(k) Review & Grade
Getixhealth 401(k) Plan
Sugar Land, TXProfessional, Scientific & Technical Services848 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$527Employer $ per active participant
$1,796Employee $ saved per active participant
0.98%Direct admin cost, % of plan assets
$13.4MNet plan assets, end of year
$26,919Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 7th |
| Employee saving | 9th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,643 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Patient Accounting Service Center LLC DBA Getixhealth put in about $527 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.98% 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 | $446,791 |
| Participant (employee) contributions | $1,523,155 |
| Other contributions (incl. rollovers in) | $192,114 |
| Administrative expenses paid from the plan | $120,764 |
| Contract administrator fees | $55,843 |
| Investment advisory & management fees | $64,921 |
| Benefits paid out | $1,097,879 |
| Net assets, start / end of year | $11.1M / $13.4M |
| Active participants, start / end of year | 879 / 817 |
| Participants with account balances | 498 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| LPL Financial LLC - Rpcp | $47,861 reported compensation |
| John Hancock Life Insurance Company | $7,624 reported compensation |
| Wilshire Associates Inc (USA) | $2,393 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013065405NAL0002037538001, received 2025-10-13, EIN 91-1796431, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.