Imagen Dental Partners Association I 401(k) Review & Grade
Imagen Dental Partners Mep 401(k) Plan
Scottsdale, AZHealth Care & Social Assistance1,352 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,349Employer $ per active participant
$4,745Employee $ saved per active participant
1.34%Direct admin cost, % of plan assets
$34.1MNet plan assets, end of year
$32,652Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 3th |
| Employee saving | 76th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($132,658 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $32,508 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Imagen Dental Partners Association I put in about $1,349 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.34% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,823,271 |
| Participant (employee) contributions | $6,412,783 |
| Other contributions (incl. rollovers in) | $4,017,321 |
| Administrative expenses paid from the plan | $367,338 |
| Contract administrator fees | $277,912 |
| Investment advisory & management fees | $76,176 |
| Other admin expenses | $13,250 |
| Benefits paid out | $2,172,050 |
| Net assets, start / end of year | $20.8M / $34.1M |
| Active participants, start / end of year | 1,296 / 1,407 |
| Participants with account balances | 1,043 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz CPA, LLC |
Largest service providers (Schedule C)
| Curafin Advisors | $55,320 reported compensation |
| Nova 401(k) Associates | $22,003 reported compensation |
| Onedigital Investment Advisors L | $17,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250722160833NAL0002613665002, received 2025-07-22, EIN 87-1559565, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.