U.S. Physical Therapy, Inc. 401(k) Review & Grade
U.S. Physical Therapy, Inc. 401(k) Platinum Plan
Houston, TXHealth Care & Social Assistance2,618 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$843Employer $ per active participant
$3,187Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$92.3MNet plan assets, end of year
$52,784Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 23th |
| Employee saving | 53th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $70,322 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- U.S. Physical Therapy put in about $843 per active participant, more than the typical peer ($800). 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 (0.30% of assets) are well above similar-size plans (0.12%). 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 | $2,208,160 |
| Participant (employee) contributions | $8,343,655 |
| Other contributions (incl. rollovers in) | $2,750,616 |
| Administrative expenses paid from the plan | $253,011 |
| Other admin expenses | $94,247 |
| Benefits paid out | $6,991,863 |
| Net assets, start / end of year | $75.5M / $92.3M |
| Active participants, start / end of year | 2,459 / 2,777 |
| Participants with account balances | 1,748 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $123,100 reported compensation |
| MBG Retirement | $59,166 reported compensation |
| Melton & Melton LLP | $13,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930094252NAL0014665936001, received 2025-09-30, EIN 76-0364866, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.