Plan Ledger DOL Form 5500 · updated monthly

Vitalant401(k)

VITALANT 401(K) RETIREMENT SAVINGS PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Vitalant reported $537,212 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,293 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 0.26% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 38th-largest of 1,285 plans among Arizona employers on file, and the 372nd of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$428,635,980
Participants with balances5,478
Active participants4,260
Employer contributions$14,026,462
Employee contributions$25,539,505
Employer contribution per active participant$3,293
Average account balance$78,247
Benefits paid to participants$37,378,845
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$428.6M · 5,478 accts · $14.0M emplr
2023$376.3M · 6,161 accts · $13.4M emplr
2022$321.5M · 6,478 accts · $12.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$311,904
Audit (IQPA)$24,000
Total administrative$537,212
The Vitalant 401(k) match · 2024
Employer contribution per active participant$3,293
Median for plans this size$4,294
2024$3,293 per active participant
2023$3,215 per active participant
2022$3,158 per active participant

Vitalant's 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$311,953
AON INVESTMENTS USA INC. · Investment management$200,000
SCHNEIDER DOWNS & CO., INC. · Accounting / audit · Consulting$24,000
FAEGRE DRINKER · Legal$1,308

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$537,212 · 0.13%
2023$674,117 · 0.19%
2022$908,522 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Banner Health AZ$4.9B · 0.09%
Honorhealth AZ$1.2B · 0.03%
Phoenix Children's Hospital AZ$691.1M · 0.06%
Tmc Healthcare AZ$379.4M · 0.15%
District Medical Group, Inc. AZ$300.3M · 0.08%
Usn Opco, LLC AZ$260.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860098929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.