Retirement plan

AVALON HEALTH CARE, INC. 401(K) PLAN

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

AVALON HEALTH CARE, INC.EIN 87-0462037Plan #001PY 2024

206 NORTH 2100 WEST, STE. 200 - SALT LAKE CITY, UT 84116801-596-8844avalonhealthcare.comLinkedIn5001-10000 employeeshospital & health care

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.5M

+1.7% from 2023

Total participants

2,715

-22.5% from 2023

Average account balance

$13,079

+32.1% from 2023

Annual return

14.28%

+18.10 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.51M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

2,256

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.

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 3 by compensation

Provider	Service type	Compensation
SOLTIS INVESTMENT ADVISORS10+ years Service code 26 20 N MAIN STREET · ST GEORGE, UT 84770	Advisory (Participants)	$113,347
T ROWE PRICE RPS INC1 year Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$81,769
PROFESSIONAL CAPITAL SERVICES, LLC2 years Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$34,684

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$239K

$120 / participant

Recordkeeping$82K34.1%
Investment mgmt$113K47.3%
Contract admin$35K14.5%
Other / not subdivided$10K4.0%

% of EOY assets

0.812%

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: JONES SIMKINS LLC
Auditor EIN: 461592906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,079

$53,216-75.4%

$155,534-91.6%

$199,960-93.5%

Participation rate

77.0%

64.1%+12.9pp

78.2%-1.2pp

72.0%+5.0pp

Annual return

14.28%

41.18%-26.9pp

64.92%-50.6pp

34.28%-20.0pp

Employer contribution / active EE

$265

$1,848-85.7%

$4,675-94.3%

$3,036-91.3%

Participant deferral / active EE

$1,470

$3,164-53.5%

$5,630-73.9%

$5,087-71.1%

Admin fee / account holder

$106

$186-42.8%

$15,900-99.3%

$269-60.6%

Provider

Service type

Compensation

SOLTIS INVESTMENT ADVISORS10+ years

Service code 26

20 N MAIN STREET · ST GEORGE, UT 84770

Advisory (Participants)

$113,347

T ROWE PRICE RPS INC1 year

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$81,769

PROFESSIONAL CAPITAL SERVICES, LLC2 years

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$34,684

AVALON HEALTH CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVALON HEALTH CARE, 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