Plan Ledger DOL Form 5500 · updated monthly

Innovive Health of Massachusetts, LLC401(k)

INNOVIVE HEALTH 401(K) PLAN · MEDFORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.50%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Innovive Health of Massachusetts, LLC reported $64,111 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $314 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 0.47% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,585th of 2,726), and the 4,650th of 11,911 in health care & social assistance. In 2024, employees put in $8.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,144,507
Participants with balances351
Active participants705
Employer contributions$221,625
Employee contributions$1,788,565
Employer contribution per active participant$314
Average account balance$40,298
Benefits paid to participants$988,813
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 351 accts · $222K emplr
2023$11.6M · 320 accts · $191K emplr
2022$9.1M · 306 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,111
Total administrative$64,111
The Innovive Health of Massachusetts, LLC 401(k) match · 2024
Employer contribution per active participant$314
Median for plans this size$2,416
2024$314 per active participant
2023$300 per active participant
2022$297 per active participant

Innovive Health of Massachusetts, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$25,937
PENSION CONSULTANTS INC · Recordkeeping · Loan processing$15,471
SMITH BROTHERS FINANCIAL · Investment advisory (plan)$25,731

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024PENSION CONSULTANTS INC, Transamerica
2023PENSION CONSULTANTS INC, Transamerica

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Administrative cost history3
2024$64,111 · 0.50%
2023$74,073 · 0.72%
2022$44,924 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Springwell, Inc. MA$14.7M · 0.59%
Pediatrics West, P.C. MA$14.2M · 0.01%
Onsite Mammography, LLC MA$13.6M · 0.30%
Psychemedics Corporation MA$13.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113731600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.