Alternate Solutions Health Network, LLC 401(k) Review & Grade
Alternate Solutions Healthcare System, Inc. 401(k)
Dayton, OHHealth Care & Social Assistance1,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$764Employer $ per active participant
$2,471Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$47.6MNet plan assets, end of year
$47,297Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 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 | 44th |
| Lower admin cost | 41th |
| Employee saving | 49th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Alternate Solutions Health Network put in about $764 per active participant, below the typical peer ($976). 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.
- 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.
- 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 | $1,335,496 |
| Participant (employee) contributions | $4,318,736 |
| Other contributions (incl. rollovers in) | $218,139 |
| Administrative expenses paid from the plan | $133,952 |
| Contract administrator fees | $66,217 |
| Investment advisory & management fees | $51,235 |
| Benefits paid out | $5,715,127 |
| Net assets, start / end of year | $42.0M / $47.6M |
| Active participants, start / end of year | 1,704 / 1,792 |
| Participants with account balances | 1,007 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Ascensus LLC | $66,438 reported compensation |
| Global Retirement Partners | $20,742 reported compensation |
| Cetera Financial Group | $17,994 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820081513NAL0001518611001, received 2025-08-20, EIN 26-1643545, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.