Reify Health, Inc. 401(k) Review & Grade
Reify Health, Inc. Retirement Savings Plan
Boston, MAProfessional, Scientific & Technical Services783 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,029Employer $ per active participant
$6,560Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$30.9MNet plan assets, end of year
$38,852Average balance per account
Score breakdown
- Employer generosity24.7 / 5049th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 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 | 49th |
| Lower admin cost | 12th |
| Employee saving | 33th |
| 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 ($2,042,237 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
- Reify Health put in about $3,029 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 (0.74% 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 | $2,371,373 |
| Participant (employee) contributions | $5,136,181 |
| Other contributions (incl. rollovers in) | $1,002,584 |
| Administrative expenses paid from the plan | $200,478 |
| Investment advisory & management fees | $79,647 |
| Benefits paid out | $4,048,953 |
| Net assets, start / end of year | $23.1M / $30.9M |
| Active participants, start / end of year | 703 / 863 |
| Participants with account balances | 796 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Stephano Slack LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $120,833 reported compensation |
| Ironview Capital Management LLC | $74,006 reported compensation |
| Strategic Advisors, Inc. | $5,641 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140318NAL0008273025001, received 2025-10-10, EIN 45-5004365, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.