Retirement plan

ATRIA SENIOR LIVING, INC. 401(K) PLAN

Name: ATRIA SENIOR LIVING, INC. - ATRIA SENIOR LIVING, INC. 401(K) PLAN (2024) Form 5500
Creator: ATRIA SENIOR LIVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATRIA SENIOR LIVING, INC. 401(K) PLAN, ATRIA SENIOR LIVING, INC.

ATRIA SENIOR LIVING, INC.EIN 27-4673765Plan #001PY 2024

300 EAST MARKET STREET, SUITE 100 - LOUISVILLE, KY 40202502-779-4700atriaseniorliving.comLinkedIn10001+ employeesreal estate

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$165.7M

-0.8% from 2023

Total participants

10,489

-12.3% from 2023

Average account balance

$33,762

+8.5% from 2023

Annual return

8.62%

-5.56 pp from 2023

Benchmarks

See 240 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort240 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$165.70M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$34K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,908

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

33.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.62%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$94

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7 years Service code 12 · EIN 13-3689044	Direct payment from the plan; Investm...	$406,821
GLOBAL RETIREMENT PARTNERS LLC6 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$24,563
CHERRY BEKAERT LLP1 year Service code 10 · EIN 56-0574444	Accounting	$21,011
WELLTH ADVISORY SERVICES LLC1 year Filed as: WELLTH ADVISORY SERVICES, LLC Service code 27 · EIN 99-2539506	Advisory (Plan)	$8,188
NATIONAL FINANCIAL SERVICES7 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants 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.
2J
Code section 401(k) feature
Cash 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.
2K
Code section 401(m) arrangement
Employee 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$461K

$55 / participant

Recordkeeping$407K88.3%
Investment mgmt$33K7.1%
Other / not subdivided$21K4.6%

% of EOY assets

0.278%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: $21,011
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,762

$67,672-50.1%

$155,567-78.3%

$99,061-65.9%

Participation rate

33.0%

67.2%-34.2pp

78.2%-45.2pp

71.6%-38.7pp

Annual return

8.62%

16.16%-7.5pp

64.74%-56.1pp

17.66%-9.0pp

Employer contribution / active EE

$350

$2,262-84.5%

$4,674-92.5%

$3,261-89.3%

Participant deferral / active EE

$1,481

$3,827-61.3%

$5,628-73.7%

$5,331-72.2%

Admin fee / account holder

$94

$94+0.2%

$15,916-99.4%

$109-13.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Investm...

$406,821

GLOBAL RETIREMENT PARTNERS LLC6 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$24,563

CHERRY BEKAERT LLP1 year

Service code 10 · EIN 56-0574444

Accounting

$21,011

WELLTH ADVISORY SERVICES LLC1 year

Filed as: WELLTH ADVISORY SERVICES, LLC

Service code 27 · EIN 99-2539506

Advisory (Plan)

$8,188

NATIONAL FINANCIAL SERVICES7 years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

ATRIA SENIOR LIVING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATRIA SENIOR LIVING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion