Avalon Health Care, Inc. 401(k) Review & Grade
Avalon Health Care, Inc. 401(k) Plan
Salt Lake City, UTHealth Care & Social Assistance2,150 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$246Employer $ per active participant
$1,365Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$29.5MNet plan assets, end of year
$13,079Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score19 / 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 | 24th |
| Lower admin cost | 10th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,009,742 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Avalon Health Care put in about $246 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $529,233 |
| Participant (employee) contributions | $2,935,074 |
| Other contributions (incl. rollovers in) | $47,841 |
| Administrative expenses paid from the plan | $239,473 |
| Contract administrator fees | $34,684 |
| Investment advisory & management fees | $113,347 |
| Other admin expenses | $9,673 |
| Benefits paid out | $7,129,076 |
| Net assets, start / end of year | $29.0M / $29.5M |
| Active participants, start / end of year | 2,303 / 1,996 |
| Participants with account balances | 2,256 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Jones Simkins LLC |
Largest service providers (Schedule C)
| Soltis Investment Advisors | $113,347 reported compensation |
| T Rowe Price RPS Inc | $81,769 reported compensation |
| Professional Capital Services, LLC | $34,684 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113541NAL0002227427001, received 2025-10-15, EIN 87-0462037, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.