Avera Health Plans 401(k) match, vesting and fees
What Avera Health Plans' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,442 defined-contribution plans in administrative, support and waste management services with 100 to 499 participants.
| Avera Health Plans: employer contribution per participant | $1,735 | |
| Peer median | $1,495 |
| Avera Health Plans: average balance | $55,309 | |
| Peer median | $34,531 |
| Avera Health Plans: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.51% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $21.7M at the end of plan year 2023 to $24.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 481 | $24.3M | $763K | $1,735 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 419 | $21.7M | $813K | $2,085 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Avera Health Plans match 401(k) contributions?
The match terms for the My 401(k) Retirement Plan (Formerly Avera Health Program Pension Plan) have not been published from its filing yet. The plan year 2024 filing reports $763K in employer contributions, about $1,735 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Avera Health Plans 401(k) match vested?
The vesting schedule for the My 401(k) Retirement Plan (Formerly Avera Health Program Pension Plan) is not in the data published so far. Your Summary Plan Description states it.
Who manages the Avera Health Plans 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Avera Health Plans, Inc..
I left Avera Health Plans. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Avera Health Plans, Inc., (605) 322-4700) or the recordkeeper, Fidelity Investments Institutional. The Avera Health Plans old 401(k) page lists the contacts from every plan filing. Find an old Avera Health Plans 401(k)
Data from the public Form 5500 annual reports Avera Health Plans filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Avera Health Plans. Not financial advice. Report a correction · Methodology