American Healthcare, LLC 401(k) Review & Grade
American Healthcare, LLC Retirement Savings Plan
Roanoke, VAHealth Care & Social Assistance1,520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$213Employer $ per active participant
$1,085Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$17.6MNet plan assets, end of year
$22,623Average balance per account
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 10th |
| Employee saving | 23th |
| 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
- American Healthcare put in about $213 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.
- Direct plan expenses (0.82% 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.
- 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 | $323,688 |
| Participant (employee) contributions | $1,649,887 |
| Other contributions (incl. rollovers in) | $240,040 |
| Administrative expenses paid from the plan | $141,525 |
| Contract administrator fees | $119,774 |
| Investment advisory & management fees | $3,431 |
| Benefits paid out | $3,531,825 |
| Net assets, start / end of year | $17.0M / $17.6M |
| Active participants, start / end of year | 1,458 / 1,583 |
| Participants with account balances | 777 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Walker Healthcare Services Group |
Largest service providers (Schedule C)
| Employee Benefits Services | $18,320 reported compensation |
| John Hancock Life Insurance Co USA | $10,587 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819144822NAL0001213187001, received 2025-08-19, EIN 24-1904577, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.