Urgent Care Group, LLC 401(k) Review & Grade
Urgent Care Group 401(k) Plan
Brentwood, TNHealth Care & Social Assistance1,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$997Employer $ per active participant
$3,807Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$35.1MNet plan assets, end of year
$16,972Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 8th |
| Employee saving | 66th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $66,132 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Urgent Care Group put in about $997 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 (0.92% 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 | $1,106,743 |
| Participant (employee) contributions | $4,227,138 |
| Other contributions (incl. rollovers in) | $385,604 |
| Administrative expenses paid from the plan | $293,678 |
| Contract administrator fees | $293,678 |
| Benefits paid out | $3,120,408 |
| Net assets, start / end of year | $28.6M / $35.1M |
| Active participants, start / end of year | 1,124 / 1,097 |
| Participants with account balances | 2,068 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $174,189 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163124NAL0002636243001, received 2025-10-15, EIN 82-1794761, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.