Ivxpress, Inc. DBA Ivx Health 401(k) Review & Grade
Ivx Health 401(k) Plan
Brentwood, TNHealth Care & Social Assistance560 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,836Employer $ per active participant
$5,441Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
$25,403Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 19th |
| Employee saving | 83th |
| 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 ($117 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ivxpress, Inc. DBA Ivx Health put in about $2,836 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.57% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,586,697 |
| Participant (employee) contributions | $3,044,097 |
| Other contributions (incl. rollovers in) | $578,397 |
| Administrative expenses paid from the plan | $84,622 |
| Contract administrator fees | $84,622 |
| Benefits paid out | $1,245,481 |
| Net assets, start / end of year | $11.8M / $17.7M |
| Active participants, start / end of year | 551 / 568 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Merrill Lynch Retirement | $82,402 reported compensation |
| Futureplan Ascensus | $7,625 reported compensation |
| Ascensus LLC | $6,255 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801163825NAL0006406673001, received 2025-08-01, EIN 46-1432420, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.