Plan Ledger DOL Form 5500 · updated monthly

Avadim Holdings, Inc.401(k)

AVADIM HEALTH, INC. 401(K) RETIREMENT PLAN · ASHEVILLE, NC · plan year 2025

Reported admin expense ratio · 2025
1.08%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Avadim Holdings, Inc. reported $34,993 in plan administrative expenses for 2025: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,732 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.09% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,633rd of 2,005), and 10,443rd of 11,654 in professional & technical services. In 2025, employees put in $3.45 for every $1.00 the employer contributed; active participation has shrunk from 179 to 70 since 2022.

Plan summary
Net assets, end of year$3,259,059
Participants with balances106
Active participants70
Employer contributions$121,263
Employee contributions$418,696
Employer contribution per active participant$1,732
Average account balance$30,746
Benefits paid to participants$1,025,329
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL LAWTON & COMPANY,LLC
Plan history4
Yearassets · accounts · employer contribution
2025$3.3M · 106 accts · $121K emplr
2024$3.2M · 124 accts · $122K emplr
2023$2.5M · 125 accts · $14K emplr
2022$2.0M · 157 accts · $11K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$34,993
Total administrative$34,993
The Avadim Holdings, Inc. 401(k) match · 2025
Employer contribution per active participant$1,732
Median for plans this size$1,464
2025$1,732 per active participant
2024$1,585 per active participant
2023$168 per active participant
2022$64 per active participant

Avadim Holdings, Inc.'s 2025 employer contribution ran above the $1,464 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$34,993 · 1.08%
2024$25,288 · 0.89%
2023$2,089 · 0.09%
2022$1,890 · 0.09%
Similar plansProfessional & Technical Services · North Carolina
Petfolk Inc. NC$3.5M · 0.47%
Tands Inc. NC$3.4M · 0.02%
B&W Fiberglass, Inc. NC$2.9M · 0.59%
Stridebio, Inc. NC$2.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871728395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.