Innovive Health of Massachusetts, LLC 401(k) Review & Grade
Innovive Health 401(k) Plan
Medford, MAHealth Care & Social Assistance682 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$325Employer $ per active participant
$2,623Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$14.1MNet plan assets, end of year
$40,298Average balance per account
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 23th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($539 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Innovive Health of Massachusetts put in about $325 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.50% 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 | $221,625 |
| Participant (employee) contributions | $1,788,565 |
| Other contributions (incl. rollovers in) | $58,456 |
| Administrative expenses paid from the plan | $64,111 |
| Benefits paid out | $988,813 |
| Net assets, start / end of year | $11.6M / $14.1M |
| Active participants, start / end of year | 659 / 705 |
| Participants with account balances | 351 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $25,937 reported compensation |
| Smith Brothers Financial | $25,731 reported compensation |
| Pension Consultants Inc | $15,471 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112203NAL0004698737001, received 2025-10-15, EIN 11-3731600, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.