Advocate Aurora Health, Inc 401(k) Review & Grade
Advocate Aurora Health 401(k) Plan
Milwaukee, WIHealth Care & Social Assistance81,730 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,343Employer $ per active participant
$6,754Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$10.5BNet plan assets, end of year
$104,100Average balance per account
Score breakdown
- Employer generosity45.2 / 5090th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 60th |
| Employee saving | 86th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $143,540 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Advocate Aurora Health put in about $4,343 per active participant, more than the typical peer ($2,086). 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 | $354,951,356 |
| Participant (employee) contributions | $551,977,867 |
| Other contributions (incl. rollovers in) | $61,392,393 |
| Administrative expenses paid from the plan | $6,644,598 |
| Investment advisory & management fees | $2,948,521 |
| Other admin expenses | $18,300 |
| Benefits paid out | $798,246,935 |
| Net assets, start / end of year | $9.1B / $10.5B |
| Active participants, start / end of year | 80,015 / 83,445 |
| Participants with account balances | 100,747 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $3,647,156 reported compensation |
| Empower Advisory Group, LLC | $2,758,579 reported compensation |
| Marsh & Mclennan Companies Inc | $189,942 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007064524NAL0010856370001, received 2025-10-07, EIN 82-4184596, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.