Aegis Therapies, Inc. 401(k) Review & Grade
The 401(k) Plan Sponsored by Aegis Therapies
Fort Smith, ARHealth Care & Social Assistance4,269 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$1,602Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$123.5MNet plan assets, end of year
$52,603Average balance per account
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 19th |
| Employee saving | 36th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,093 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aegis Therapies put in about $0 per active participant, below the typical peer ($800). 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 (0.35% 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 | $425 |
| Participant (employee) contributions | $6,840,510 |
| Other contributions (incl. rollovers in) | $772,309 |
| Administrative expenses paid from the plan | $420,842 |
| Investment advisory & management fees | $402,202 |
| Benefits paid out | $14,767,075 |
| Net assets, start / end of year | $117.3M / $123.5M |
| Active participants, start / end of year | 4,067 / 4,471 |
| Participants with account balances | 2,347 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Mercer Investments, LLC | $240,701 reported compensation |
| Empower Annuity Insurance Company O | $140,784 reported compensation |
| Empower Advisory Group, LLC | $20,716 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730185143NAL0002152387001, received 2025-07-30, EIN 71-0811574, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.