Nate Overly
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RecordkeeperAscensus
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Client CompanyU.S. Occmed Holdings LLC – Nova Medical Centers
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Client IndustryHealth-care organization (for profit)
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Client HeadquartersHouston, Texas
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Plan Assets>$25MM – $50MM
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Plan Participants100 – 499
BIO: Nate Overly, client relationship manager, graduated from college with a business administration and finance degree and then moved to Africa. He taught commerce and accounts at a high school in Zambia, then taught in Tanzania and worked for an NGO doing malaria prevention. He returned to the U.S. and earned his MBA from Drexel. He’s in his 10th year working for Ascensus on the Vanguard Retirement Plan Access platform.
U.S. Occmed Holdings is a Texas-based company with occupational medicine facilities in five states. The company’s HR manager, Erika Macias, nominated Nate Overly for his help teaching her how to do her first plan audit after her predecessor left and she inherited responsibility for the company’s 401(k) plan in April 2023.
“Our 2022 401(k) plan audit began May 2023, and I was completely lost on top of making the same errors uploading the contribution reports each payroll for our seven entities,” she says. She hadn’t been told about some contribution activity in 2022 that made it difficult to back into the numbers. “Nate was instrumental in the audit process – he ran several reports for me, walked me through the process and reassured me all would be fine, and he often caught my upload errors and corrected them on his end instead of pushing them back to me. He is amazing – never once did I feel bad reaching out for help because he is so patient.”
The company employs providers, physical therapists, medical assistants, X-ray techs and administrative staff at 65 locations. “They have quite a few payroll sites set up, so there’s a lot to manage there,” says Overly. “It takes some organization.” The plan has been with Ascensus, on the Vanguard platform, since 2014.
“This plan has been smooth, and they’ve never had any problems. I enjoy working with them,” says Overly, who was happy to help Macias with her introduction to the annual plan audit. “I was there to assist and educate throughout the process. She is a fast-learner and picked up things quick.”
Overly spends more time working with the company since it is a direct-sold plan that doesn’t have an assigned financial advisor. “It puts me in more contact with the plan sponsor,” says Overly. “Together we analyze all aspects of the plan. Everyone I work with at the plan sponsor is always kind. That is a huge plus.”
Macias is much more confident about working on the plan’s annual audit this time around. “This year will be smoother because we’ve audited and reconciled every payroll all year,” she says.
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