Aylo Health, LLC 401(k) Review & Grade
Aylo Health 401(k) Retirement Savings Plan
Atlanta, GAHealth Care & Social Assistance550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,456Employer $ per active participant
$3,524Employee $ saved per active participant
0.91%Direct admin cost, % of plan assets
$10.8MNet plan assets, end of year
$15,331Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 8th |
| Employee saving | 62th |
| Peers that auto-enroll | 36% |
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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 ($644,529 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $22,132 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aylo Health put in about $1,456 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.91% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $801,458 |
| Participant (employee) contributions | $1,939,989 |
| Other contributions (incl. rollovers in) | $310,221 |
| Administrative expenses paid from the plan | $84,805 |
| Contract administrator fees | $34,075 |
| Benefits paid out | $892,637 |
| Net assets, start / end of year | $7.7M / $10.8M |
| Active participants, start / end of year | 513 / 588 |
| Participants with account balances | 707 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $43,247 reported compensation |
| Cbiz Benefits & Ins Services Inc | $28,338 reported compensation |
| Cbiz Investment Advisory Services | $13,568 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015174628NAL0002826419001, received 2025-10-15, EIN 58-1871078, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.