Retirement plan
ADVOCATE AURORA HEALTH 401(K) PLAN
ADVOCATE AURORA HEALTH, INCEIN 82-4184596Plan #004PY 2024
750 W. VIRGINA ST - MILWAUKEE, WI 53204630-572-9393advocateaurorahealth.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filingProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STACYE FURMANEK
Signed 10/07/2025
Summary metrics
Total assets (EOY)
$10487.8M
-45.0% from 2020
Total participants
103,145
-47.7% from 2020
Average account balance
$104,100
-43.7% from 2020
Annual return
13.73%
-45.30 pp from 2020
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
74
Participant deferral / active EE
$6,615
median $4,708
78
Employer contribution / active EE
$4,254
median $2,014
86
Participation rate
97.1%
median 86.4%
87
Avg account balance
$104,100
median $64,875
28
Admin fee / account holder
$66
median $50
33
Annual return
13.73%
median 14.66%
Overall peer rank
64of 100
64th percentileavg across 6 metrics
Analytics
2019 - 2024
Total assets (EOY)
Plan-year ending balance
$10.49B
Average account balance
Total assets / participants with a balance (line 6g)
$104K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
100,747
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.1%
Contributions (total)
Employer and participant dollars contributed each year
$906.93M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.73%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$66
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 19 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 84-0467907 | Recordkeeping | $3,647,156 |
EMPOWER ADVISORY GROUP, LLC3 years Service code 26 · EIN 84-1532243 | Advisory (Participants) | $2,758,579 |
Service code 27 · EIN 36-2668272 | Advisory (Plan) | $189,942 |
ANNEX ADVISORY SERVICES LLC2 years Service code 26 · EIN 68-0524298 | Advisory (Participants) | $45,288 |
WFA ASSET MANAGEMENT CORP2 years Service code 26 · EIN 39-1659836 | Advisory (Participants) | $40,508 |
LARSON FINANCIAL GROUP LLC5 years Service code 26 · EIN 20-4773945 | Advisory (Participants) | $37,241 |
Service code 26 · EIN 39-1944977 | Advisory (Participants) | $27,434 |
CLIFTON LARSON ALLEN LLP1 year Service code 29 · EIN 41-0746749 | Legal | $23,625 |
ABOUND WEALTH MANAGEMENT LLC3 years Service code 26 · EIN 81-4120898 | Advisory (Participants) | $20,571 |
Service code 16 · EIN 34-1820650 | Consulting | $18,300 |
Top hat statement on fileNQDC
Filed April 23, 2024 (most recent of 4 filings on file)
Plan administrator
Plans declared (2)
- Advocate Health, Inc. Supplemental Executive Retirement Plan22 emp
- Advocate Health, Inc. Chief Executive Officer Supplemental Executive Retirement Plan1 emp
Total covered: 23 employees
Plan features & details
Pension benefit codes2E2F2G2J2K2R2S2T2H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$6.6M
$80 / participant
- Recordkeeping$4M54.9%
- Investment mgmt$3M44.4%
- Legal$31K0.5%
- Other / not subdivided$18K0.3%
% of EOY assets
0.063%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- CLIFTON LARSON ALLEN, LLP
- Auditor EIN
- 410746749
- Audit fees
- $0
- Opinion code
- Unqualified