Recovery Innovations, Inc. 401(k) Review & Grade
Recovery Innovations, Inc. 401(k) Plan
Phoenix, AZHealth Care & Social Assistance848 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$706Employer $ per active participant
$2,105Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
$20,918Average balance per account
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 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 | 43th |
| Lower admin cost | 20th |
| Employee saving | 43th |
| 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 ($262,402 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $27,711 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Recovery Innovations put in about $706 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 (0.56% 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 | $598,843 |
| Participant (employee) contributions | $1,786,217 |
| Other contributions (incl. rollovers in) | $177,036 |
| Administrative expenses paid from the plan | $63,688 |
| Benefits paid out | $2,905,717 |
| Net assets, start / end of year | $10.9M / $11.8M |
| Active participants, start / end of year | 826 / 871 |
| Participants with account balances | 563 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kimberlin Company PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $63,687 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912050322NAL0002924514001, received 2025-09-12, EIN 71-1018775, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.