Atria Senior Living, Inc. 401(k) Review & Grade
Atria Senior Living, Inc. 401(k) Plan
Louisville, KYHealth Care & Social Assistance9,250 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$315Employer $ per active participant
$1,333Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$165.7MNet plan assets, end of year
$33,762Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 25th |
| Employee saving | 32th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $255,497 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atria Senior Living put in about $315 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 (0.28% 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.
- 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 | $2,916,013 |
| Participant (employee) contributions | $12,326,234 |
| Other contributions (incl. rollovers in) | $991,039 |
| Administrative expenses paid from the plan | $460,582 |
| Investment advisory & management fees | $32,750 |
| Benefits paid out | $31,057,835 |
| Net assets, start / end of year | $167.1M / $165.7M |
| Active participants, start / end of year | 10,175 / 8,324 |
| Participants with account balances | 4,908 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $406,821 reported compensation |
| Global Retirement Partners, LLC | $24,563 reported compensation |
| Cherry Bekaert LLP | $21,011 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013131151NAL0001368305002, received 2025-10-13, EIN 27-4673765, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.