Plan Snapshot
- Plan Sponsor: Avanos Medical, INC.
- Sponsor EIN: 464987888
- Sponsor Address: 5405 WINDWARD PARKWAY, ALPHARETTA, GA, 30004
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,410
- Total Assets: $336.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,410 | $336.1M | $0 | $0 |
| 2024 | 799 | $310.9M | $6.1M | $11.7M |
| 2023 | 869 | $287.2M | $6.7M | $12.7M |
| 2022 | 958 | $258.3M | $6.3M | $12.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISERS LLC | Investment Advisor | $242,395 | — | $242,395 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $50,826 | — | $50,826 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $293,221
- Estimated Expense Ratio: 0.087% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $48,178,989 | $242,395 | $1,200 | — | — |
| 2024 | $305,644 | $247,868 | $600 | — | — |
| 2023 | $320,695 | $237,561 | $600 | — | — |
| 2022 | $353,714 | $242,593 | — | — | — |