Ambitions, Inc 401(k) Review & Grade
Ambitions 401 K Plan
Las Vegas, NVHealth Care & Social Assistance1,052 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,319Employer $ per active participant
$1,938Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$25.0MNet plan assets, end of year
$19,598Average balance per account
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 35th |
| Employee saving | 41th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ambitions put in about $1,319 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.35% 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.
- 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 | $1,386,521 |
| Participant (employee) contributions | $2,038,207 |
| Other contributions (incl. rollovers in) | $8,046 |
| Administrative expenses paid from the plan | $82,113 |
| Benefits paid out | $2,195,761 |
| Net assets, start / end of year | $21.3M / $25.0M |
| Active participants, start / end of year | 993 / 1,110 |
| Participants with account balances | 1,276 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Nationwide | $156,878 reported compensation |
| Epic Trust Investment Advisors LLC | $42,167 reported compensation |
| Professional Benefit Services | $29,365 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260901101424NAL0007960241001, received 2026-09-01, EIN 20-5129505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.