Plan Ledger DOL Form 5500 · updated monthly

Recovery Innovations, Inc.401(k)

RECOVERY INNOVATIONS, INC. 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Recovery Innovations, Inc. reported $63,688 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $688 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 has held roughly steady near 0.56%. 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 the 529th-largest of 1,285 plans among Arizona employers on file, and the 5,213th of 11,911 in health care & social assistance. In 2024, employees put in $2.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,776,718
Participants with balances563
Active participants871
Employer contributions$598,843
Employee contributions$1,786,217
Employer contribution per active participant$688
Average account balance$20,918
Benefits paid to participants$2,905,717
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 563 accts · $599K emplr
2023$10.9M · 632 accts · $242K emplr
2022$10.2M · 1,034 accts · $717K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,688
Total administrative$63,688
The Recovery Innovations, Inc. 401(k) match · 2024
Employer contribution per active participant$688
Median for plans this size$2,416
2024$688 per active participant
2023$312 per active participant
2022$835 per active participant

Recovery Innovations, Inc.'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$63,687

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$63,688 · 0.56%
2023$48,968 · 0.46%
2022$61,929 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Denova Collaborative Health AZ$12.1M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 711018775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.