Usop, LLC 401(k) Review & Grade
US Orthopaedic Partners 401(k) Plan
Alpharetta, GAHealth Care & Social Assistance1,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,172Employer $ per active participant
$4,579Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$102.5MNet plan assets, end of year
$82,487Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 48th |
| Employee saving | 74th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($24,332 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,158 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Usop put in about $3,172 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,303,172 |
| Participant (employee) contributions | $6,211,457 |
| Other contributions (incl. rollovers in) | $1,844,640 |
| Administrative expenses paid from the plan | $229,431 |
| Contract administrator fees | $25,080 |
| Investment advisory & management fees | $185,889 |
| Benefits paid out | $9,478,393 |
| Net assets, start / end of year | $88.1M / $102.5M |
| Active participants, start / end of year | 1,123 / 1,590 |
| Participants with account balances | 1,243 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Magnolia Capital Advisors LLC | $185,889 reported compensation |
| Hub International Midwest LTD | $35,080 reported compensation |
| Empower Annuity Insurance Company | $25,398 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015221717NAL0011368322001, received 2025-10-15, EIN 85-2924718, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.