Innovim, LLC401(k)
INNOVIM, LLC 401(K) PLAN · SILVER SPRING, MD · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Innovim, LLC reported $60,168 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $3,548 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.04% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,007th of 1,671), and 8,083rd of 11,654 in professional & technical services. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has shrunk from 151 to 109 since 2022.
Innovim, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 562304619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.