Atlas Healthcare Partners, LLC 401(k) Review & Grade
Atlas Healthcare Partners 401(k) Plan
Phoenix, AZHealth Care & Social Assistance896 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,011Employer $ per active participant
$4,988Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$26.6MNet plan assets, end of year
$22,687Average balance per account
Score breakdown
- Employer generosity35.5 / 5071th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 10th |
| Employee saving | 79th |
| 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
- Atlas Healthcare Partners put in about $2,011 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.79% 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 | $1,801,266 |
| Participant (employee) contributions | $4,467,026 |
| Other contributions (incl. rollovers in) | $1,104,844 |
| Administrative expenses paid from the plan | $182,565 |
| Investment advisory & management fees | $56,230 |
| Benefits paid out | $3,749,917 |
| Net assets, start / end of year | $19.9M / $26.6M |
| Active participants, start / end of year | 897 / 894 |
| Participants with account balances | 1,173 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $126,335 reported compensation |
| Creative Planning LLC | $56,230 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007124927NAL0007910640001, received 2025-10-07, EIN 82-3431080, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.