I3 Verticals Management Services,inc. 401(k) Review & Grade
I3 Verticals Management Services, Inc. 401(k) Plan
Nashville, TNProfessional, Scientific & Technical Services1,082 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,727Employer $ per active participant
$5,526Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$67.4MNet plan assets, end of year
$69,663Average balance per account
Score breakdown
- Employer generosity15.2 / 5030th percentile for employer $ per participant
- Low cost4.6 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 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 | 30th |
| Lower admin cost | 19th |
| Employee saving | 27th |
| Peers that auto-enroll | 48% |
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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 ($35,314 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $338,178 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- I3 Verticals Management Services,inc. put in about $1,727 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 (0.58% 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 | $1,869,997 |
| Participant (employee) contributions | $5,981,902 |
| Other contributions (incl. rollovers in) | $976,703 |
| Administrative expenses paid from the plan | $412,468 |
| Benefits paid out | $23,365,383 |
| Net assets, start / end of year | $74.5M / $67.4M |
| Active participants, start / end of year | 1,285 / 880 |
| Participants with account balances | 968 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blankenship CPA Group, PLLC |
Largest service providers (Schedule C)
| Transamerica Financial Life Ins Co | $174,725 reported compensation |
| Raymond James Financial Services | $115,039 reported compensation |
| Erisa Services Inc | $27,835 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715145523NAL0002337987001, received 2026-07-15, EIN 30-0847828, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.