Avesis, LLC 401(k) Review & Grade
Avesis Retirement Investment Plan
Tempe, AZFinance & Insurance614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,134Employer $ per active participant
$5,823Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$33.2MNet plan assets, end of year
$44,816Average balance per account
Score breakdown
- Employer generosity11.2 / 5022th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 22th |
| Employee saving | 33th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,144 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avesis put in about $2,134 per active participant, below the typical peer ($3,606). 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 (0.52% 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 | $1,310,135 |
| Participant (employee) contributions | $3,575,323 |
| Other contributions (incl. rollovers in) | $446,393 |
| Administrative expenses paid from the plan | $162,347 |
| Investment advisory & management fees | $79,376 |
| Benefits paid out | $5,096,469 |
| Net assets, start / end of year | $29.1M / $33.2M |
| Active participants, start / end of year | 574 / 654 |
| Participants with account balances | 740 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron Bletzer PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,346 reported compensation |
| Creative Planning LLC | $73,839 reported compensation |
| Strategic Advisors, Inc. | $5,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923144528NAL0006970448001, received 2025-09-23, EIN 86-0349350, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.