Infinite Health Collaborative, P.A. 401(k) Review & Grade
Revo and I-Health Retirement Plan
Bloomington, MNHealth Care & Social Assistance3,106 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,783Employer $ per active participant
$7,810Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$531.3MNet plan assets, end of year
$112,816Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 62th |
| Employee saving | 90th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,987 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Infinite Health Collaborative, P.A. put in about $3,783 per active participant, more than the typical peer ($800). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $11,750,260 |
| Participant (employee) contributions | $24,257,993 |
| Other contributions (incl. rollovers in) | $4,803,672 |
| Administrative expenses paid from the plan | $430,890 |
| Contract administrator fees | $337,159 |
| Investment advisory & management fees | $55,000 |
| Other admin expenses | $9,880 |
| Benefits paid out | $41,456,608 |
| Net assets, start / end of year | $466.9M / $531.3M |
| Active participants, start / end of year | 2,982 / 3,230 |
| Participants with account balances | 4,709 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvs | $337,159 reported compensation |
| NFP Corporate Services (NM), Inc. | $55,000 reported compensation |
| Fredrikson & Byron, P.A. | $15,201 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010082251NAL0017980706001, received 2025-10-10, EIN 41-1861374, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.