Agiliti Health, Inc. 401(k) Review & Grade
Agiliti 401(k)
Eden Prairie, MNReal Estate & Rental6,005 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,293Employer $ per active participant
$4,177Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$302.3MNet plan assets, end of year
$34,641Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 38th |
| Employee saving | 61th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,323,265 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $13,067 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Agiliti Health put in about $1,293 per active participant, more than the typical peer ($1,141). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,762,172 |
| Participant (employee) contributions | $25,083,919 |
| Other contributions (incl. rollovers in) | $2,869,000 |
| Administrative expenses paid from the plan | $505,586 |
| Contract administrator fees | $2,700 |
| Other admin expenses | $60,400 |
| Benefits paid out | $28,860,991 |
| Net assets, start / end of year | $259.3M / $302.3M |
| Active participants, start / end of year | 5,831 / 6,179 |
| Participants with account balances | 8,728 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $445,186 reported compensation |
| Creative Planning Holdco, LLC | $60,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702113814NAL0007284227001, received 2025-07-02, EIN 41-0760940, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.