Matrix Providers Inc. 401(k) Review & Grade
Matrix Providers Inc. 401(k) Profit Sharing Plan
Denver, COHealth Care & Social Assistance540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$449Employer $ per active participant
$3,870Employee $ saved per active participant
1.11%Direct admin cost, % of plan assets
$8.7MNet plan assets, end of year
$17,043Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
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 | 32th |
| Lower admin cost | 5th |
| Employee saving | 67th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Matrix Providers put in about $449 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 (1.11% 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.
- 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 | $242,805 |
| Participant (employee) contributions | $2,091,526 |
| Other contributions (incl. rollovers in) | $363,491 |
| Administrative expenses paid from the plan | $88,578 |
| Investment advisory & management fees | $24,441 |
| Benefits paid out | $2,276,783 |
| Net assets, start / end of year | $7.2M / $8.7M |
| Active participants, start / end of year | 558 / 523 |
| Participants with account balances | 509 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $64,586 reported compensation |
| Global Retirement Partners | $23,991 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930050253NAL0005337443001, received 2025-09-30, EIN 27-2753271, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.