Aoc Opco, LLC 401(k) Review & Grade
Angels of Care 401(k) Plan
Mckinney, TXHealth Care & Social Assistance9,534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$36Employer $ per active participant
$288Employee $ saved per active participant
0.89%Direct admin cost, % of plan assets
$10.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.2 / 5016th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 6th |
| Employee saving | 11th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($48,318 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $163,028 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aoc Opco put in about $36 per active participant, below the typical peer ($800). 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 (0.89% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $347,521 |
| Participant (employee) contributions | $2,742,932 |
| Other contributions (incl. rollovers in) | $578,156 |
| Administrative expenses paid from the plan | $72,317 |
| Contract administrator fees | $66,404 |
| Investment advisory & management fees | $4,463 |
| Other admin expenses | $1,450 |
| Benefits paid out | $662,218 |
| Net assets, start / end of year | $6.2M / $10.0M |
| Active participants, start / end of year | 8,114 / 10,955 |
| Participants with account balances | 914 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $72,398 reported compensation |
| Kestra Advisory Services LLC | $30,445 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123913NAL0009628338001, received 2025-10-15, EIN 83-4225264, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.