Plan Ledger DOL Form 5500 · updated monthly

Inova Payroll, Inc.401(k)

INOVA PAYROLL, INC. 401(K) PLAN · NASHVILLE, TN · plan year 2025

Reported admin expense ratio · 2025
0.72%

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

Inova Payroll, Inc. reported $123,669 in plan administrative expenses for 2025: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,730 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 3 years on file its reported administrative ratio rose from 0.65% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 586th-largest of 1,496 plans among Tennessee employers on file, and the 5,821st of 11,654 in professional & technical services. In 2025, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,506,733
Participants with balances244
Active participants263
Employer contributions$454,925
Employee contributions$1,445,365
Employer contribution per active participant$1,730
Average account balance$75,847
Benefits paid to participants$1,342,519
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP
Plan history4
Yearassets · accounts · employer contribution
2025$18.5M · 244 accts · $455K emplr
2024$15.7M · 232 accts · $444K emplr
2023$12.6M · 222 accts · $383K emplr
2022$9.6M · 178 accts · $276K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$72,832
Investment management$38,967
Audit (IQPA)$8,000
Trustee / custodial$3,870
Total administrative$123,669
The Inova Payroll, Inc. 401(k) match · 2025
Employer contribution per active participant$1,730
Median for plans this size$2,666
2025$1,730 per active participant
2024$1,720 per active participant
2023$1,524 per active participant
2022$1,091 per active participant

Inova Payroll, Inc.'s 2025 employer contribution ran below the $2,666 median for plans its size. 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
ERISA PARTNERS, INC. · Recordkeeping · Consultingindirect comp
BLANKENSHIP CPA GROUP · Accounting / audit$8,000
ERISA ADVISERS, INC. · Investment advisory (participants) · Investment advisory (plan)indirect comp

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

Recordkeeper by year3
2025ERISA PARTNERS, INC.
2024ERISA PARTNERS, INC.
2023ERISA PARTNERS, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$123,669 · 0.72%
2024$114,442 · 0.81%
2023$75,725 · 0.68%
2022$46,186 · 0.65%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Pophealthcare, LLC TN$20.0M · 0.50%
Codescience, Inc. TN$19.0M · 0.48%
Perfectserve, Inc. TN$18.4M · 0.49%
Banc Card of America, Inc TN$17.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275141646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.