Change Academy at Lake of the Ozarks, LLC 401(k) Review & Grade
Embark Behavioral Health 401(k) Plan · d/b/a Innerchange
Chandler, AZProfessional, Scientific & Technical Services1,396 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$334Employer $ per active participant
$1,558Employee $ saved per active participant
0.88%Direct admin cost, % of plan assets
$16.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 8th |
| Employee saving | 8th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,441 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Change Academy at Lake of the Ozarks put in about $334 per active participant, below the typical peer ($3,082). 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 (0.88% 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 | $466,042 |
| Participant (employee) contributions | $2,174,726 |
| Other contributions (incl. rollovers in) | $187,215 |
| Administrative expenses paid from the plan | $132,305 |
| Contract administrator fees | $132,305 |
| Benefits paid out | $2,055,961 |
| Net assets, start / end of year | $13.8M / $16.3M |
| Active participants, start / end of year | 1,435 / 1,356 |
| Participants with account balances | 634 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $95,320 reported compensation |
| Onedigital Investment Advisors, LLC | $43,701 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911100928NAL0000224225001, received 2025-09-11, EIN 26-3297560, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.