Helio Health 401(k) match, vesting and fees
What Helio Health's 401(k) plan says about matching contributions
The Plan provides for matching contributions by the Company equal to eligible participant’s elective deferrals up to a maximum of 5% of eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are immediately vested in their voluntary contributions plus actual earnings/losses thereon. Prior to July 1, 2021, vesting in the Company’s contributions plus earnings thereon was based on years of service. Participants were 20% vested in the Company’s contribution after two years of service with vesting increasing in increments of 20% for each additional year of service thereafter until 100% vesting occurs after six years. Beginning July 1, 2021, participants are immediately vested in the Company’s contributions plus actual earnings/losses thereon. | Audit report, p. 29 ↗ |
| Loans | Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. Plan participants may borrow up to the lesser of $50,000 or 50% of the participant’s vested interest in the Plan. The minimum loan amount is $1,000. Participant loans are secured by their account balances and bear interest at rates ranging from 4.25% to 9.50%. | Audit report, p. 29 ↗ |
| Recordkeeper | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Bonadio & Co., LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Helio Health: employer contribution per participant | $2,309 | |
| Peer median | $1,337 |
| Helio Health: average balance | $32,884 | |
| Peer median | $35,764 |
| Helio Health: admin expenses ÷ assets | 0.94% | |
| Peer median | 0.32% |
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 $17.4M at the end of plan year 2021 to $22M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,252 | $22M | $1.5M | $2,309 | 0.94% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 1,180 | $19.1M | $1.2M | $1,938 | 0.89% | Not published | Form 5500 ↗ |
| 2022 | 1,074 | $15.1M | $1.2M | $1,994 | 0.94% | Not published | Form 5500 ↗ |
| 2021 | 1,052 | $17.4M | $1.6M | $2,244 | 0.91% | Not published | Form 5500 ↗ |
Common questions
Does Helio Health match 401(k) contributions?
The audit report attached to the Helio Health, Inc. Savings and Retirement Plan's plan year 2024 Form 5500, page 29 says: “The Plan provides for matching contributions by the Company equal to eligible participant’s elective deferrals up to a maximum of 5% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Helio Health 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are immediately vested in their voluntary contributions plus actual earnings/losses thereon. Prior to July 1, 2021, vesting in the Company’s contributions plus earnings thereon was based on years of service. Participants were 20% vested in the Company’s contribution after two years of service with vesting increasing in increments of 20% for each additional year of service thereafter until 100% vesting occurs after six years. Beginning July 1, 2021, participants are immediately vested in the Company’s contributions plus actual earnings/losses thereon.”
Who manages the Helio Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Helio Health, Inc..
I left Helio Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Helio Health, Inc., (315) 474-5506) or the recordkeeper, Transamerica Retirement Solutions. The Helio Health old 401(k) page lists the contacts from every plan filing. Find an old Helio Health 401(k)
Data from the public Form 5500 annual reports Helio Health filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Helio Health. Not financial advice. Report a correction · Methodology