Avesis Incorporated 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Avesis Incorporated 401(k) Plan Facts (plan year 2021)

Plan name
ABSOLUTECARE, LLC 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
ABSOLUTECARE, LLC · formerly Avesis Incorporated
Participants
393 (247 active employees)
Former employees with a balance
80
Plan assets
$8,729,205 at Dec 31, 2021
Average account balance
$27,624 across 316 accounts
Employer contributions
$51,023 in plan year 2021 (2% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 2016
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 17, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $2.18 million went into the plan in contributions, $51,023 of it from the employer (2%).
  • $413,463 was paid out to participants.
  • Investment and other income added $983,837.
  • Administrative expenses were $52,540, about $166 per account.

How the Avesis Incorporated 401(k) changed, 20152021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015503$6.00 million$55,682$518,850
2016552$6.30 million$261,038$261,737
2017636$11.7 million$430,443$804,332
2018769$11.6 million$489,048$2.10 million
2019 (final)813$0$120,499$16,969
2021393$8.73 million$51,023$413,463

Avesis Incorporated 401(k) Contact Information

Phone
443-738-0281
Mailing address
10175 LITTLE PATUXENT PARKWAY, COLUMBIA MD 21044
Plan sponsor
ABSOLUTECARE, LLC
Employer identification number (EIN)
86-0349350
Plan number
001

Questions about the Avesis Incorporated 401(k)

Is the Avesis Incorporated 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Avesis Incorporated contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $51,023 in employer contributions for plan year 2021.

Does the Avesis Incorporated 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Avesis Incorporated 401(k) plan?

393 participants at the start of plan year 2021, 247 of them active employees, and 80 former employees who still had money in the plan.

What is the average 401(k) balance at Avesis Incorporated?

About $27,624 per account: $8.73 million in plan assets across 316 accounts with a balance at the end of plan year 2021.

Who manages the Avesis Incorporated 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

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