Vitalant 401(k) Review & Grade
Vitalant 401(k) Retirement Savings Plan
Scottsdale, AZHealth Care & Social Assistance4,210 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,331Employer $ per active participant
$6,066Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$428.6MNet plan assets, end of year
$78,247Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 47th |
| Employee saving | 82th |
| Peers that auto-enroll | 38% |
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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
- Vitalant put in about $3,331 per active participant, more than the typical peer ($800). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $14,026,462 |
| Participant (employee) contributions | $25,539,505 |
| Other contributions (incl. rollovers in) | $3,038,150 |
| Administrative expenses paid from the plan | $537,212 |
| Contract administrator fees | $300 |
| Other admin expenses | $200,000 |
| Benefits paid out | $37,378,845 |
| Net assets, start / end of year | $376.3M / $428.6M |
| Active participants, start / end of year | 4,161 / 4,260 |
| Participants with account balances | 5,478 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co, Inc |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $311,953 reported compensation |
| Aon Investments USA Inc. | $200,000 reported compensation |
| Schneider Downs & Co., Inc. | $24,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006104003NAL0001995523001, received 2025-10-06, EIN 86-0098929, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.