Plan Ledger DOL Form 5500 · updated monthly

Avanos Medical, Inc.401(k)

AVANOS MEDICAL, INC. 401(K) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Avanos Medical, Inc. reported $305,644 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $7,650 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 2 years on file its reported administrative ratio fell from 0.12% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 116th-largest of 2,160 plans among Georgia employers on file, and the 833rd of 13,661 in manufacturing. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has shrunk from 958 to 799 since 2022.

Plan summary
Net assets, end of year$310,911,973
Participants with balances1,477
Active participants799
Employer contributions$6,112,479
Employee contributions$11,745,992
Employer contribution per active participant$7,650
Average account balance$210,502
Benefits paid to participants$40,356,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$310.9M · 1,477 accts · $6.1M emplr
2023$287.2M · 1,608 accts · $6.7M emplr
2022$258.3M · 1,655 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,776
Investment management$247,868
Total administrative$305,644
The Avanos Medical, Inc. 401(k) match · 2024
Employer contribution per active participant$7,650
Median for plans this size$4,294
2024$7,650 per active participant
2023$7,674 per active participant
2022$6,576 per active participant

Avanos Medical, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$247,868
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$58,541

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

Administrative cost history3
2024$305,644 · 0.10%
2023$320,695 · 0.12%
2022$353,714 · 0.12%
Same employer
Similar plansManufacturing · Georgia
Chart Industries, Inc. GA$428.3M · 0.02%
Fieldcore Service, Inc. GA$388.5M · 0.07%
Bway Corporation GA$357.0M · 0.19%
The William Carter Company GA$318.0M · 0.18%
Kemira Water Solutions, Inc. GA$309.7M · 0.04%
Klockner Metals Corporation GA$288.7M · 0.14%
Kemira Chemicals, Inc. GA$285.7M · 0.06%
Neenah, Inc. GA$280.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464987888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.