Avant Healthcare Professionals LLC 401(k) Review & Grade
Avant Healthcare Professionals 401(k) Profit Sharing Plan
Maitland, FLAdministrative, Support & Staffing Services1,622 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,254Employer $ per active participant
$4,146Employee $ saved per active participant
1.04%Direct admin cost, % of plan assets
$25.6MNet plan assets, end of year
$14,384Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 6th |
| Employee saving | 72th |
| Peers that auto-enroll | 27% |
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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
- Avant Healthcare Professionals put in about $2,254 per active participant, more than the typical peer ($712). 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 (1.04% 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 | $3,656,420 |
| Participant (employee) contributions | $6,724,209 |
| Other contributions (incl. rollovers in) | $693,751 |
| Administrative expenses paid from the plan | $239,833 |
| Contract administrator fees | $194,557 |
| Investment advisory & management fees | $4,575 |
| Benefits paid out | $8,916,583 |
| Net assets, start / end of year | $20.6M / $25.6M |
| Active participants, start / end of year | 1,907 / 1,337 |
| Participants with account balances | 1,778 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Williams Benator & Libby LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $117,332 reported compensation |
| Orenda Retirement, LLC | $88,680 reported compensation |
| Bdo USA P.C. | $39,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011100730NAL0004699971001, received 2025-10-11, EIN 20-0072798, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.