Recover Together, Inc. 401(k) Review & Grade
Recover Together 401(k) Profit Sharing Plan
Burlington, MAHealth Care & Social Assistance706 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$938Employer $ per active participant
$3,785Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$11.3MNet plan assets, end of year
$15,276Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 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 | 49th |
| Lower admin cost | 30th |
| Employee saving | 65th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $515 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Recover Together put in about $938 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 (0.40% 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.
- 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 | $661,431 |
| Participant (employee) contributions | $2,670,296 |
| Other contributions (incl. rollovers in) | $330,117 |
| Administrative expenses paid from the plan | $40,016 |
| Benefits paid out | $1,984,625 |
| Net assets, start / end of year | $8.6M / $11.3M |
| Active participants, start / end of year | 720 / 691 |
| Participants with account balances | 742 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr Riggs & Ingram LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $40,015 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251125050332NAL0002873473001, received 2025-11-25, EIN 46-4126690, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.