Alita Care Holdings LLC 401(k) Review & Grade
Alita Care & Affiliates 401(k) Plan
Phoenix, AZConstruction1,168 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$236Employer $ per active participant
$4,911Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$45.6MNet plan assets, end of year
$32,613Average balance per account
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 21th |
| Employee saving | 62th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $28,347 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alita Care Holdings put in about $236 per active participant, below the typical peer ($1,672). 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 (0.54% 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 | $276,192 |
| Participant (employee) contributions | $5,735,844 |
| Other contributions (incl. rollovers in) | $1,271,080 |
| Administrative expenses paid from the plan | $230,898 |
| Contract administrator fees | $150,967 |
| Investment advisory & management fees | $79,931 |
| Benefits paid out | $7,105,909 |
| Net assets, start / end of year | $40.3M / $45.6M |
| Active participants, start / end of year | 1,214 / 1,122 |
| Participants with account balances | 1,397 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baldwin Moffitt Behm LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $150,967 reported compensation |
| Cbiz Financial Solutions | $79,931 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010151555NAL0013400800001, received 2025-10-10, EIN 47-3702085, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.