Viemed, Inc. 401(k) Review & Grade
Viemed, Inc. 401(k) Plan
Lafayette, LAHealth Care & Social Assistance1,084 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,451Employer $ per active participant
$2,601Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$25.1MNet plan assets, end of year
$45,473Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 8th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Viemed put in about $1,451 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 (0.90% 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.
- 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 | $1,571,741 |
| Participant (employee) contributions | $2,818,078 |
| Other contributions (incl. rollovers in) | $336,055 |
| Administrative expenses paid from the plan | $200,007 |
| Contract administrator fees | $119,940 |
| Investment advisory & management fees | $80,067 |
| Benefits paid out | $1,974,594 |
| Net assets, start / end of year | $19.5M / $25.1M |
| Active participants, start / end of year | 989 / 1,178 |
| Participants with account balances | 552 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Darnall Sikes & Frederick |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $84,810 reported compensation |
| Avantax Advisory Services Inc | $66,214 reported compensation |
| Eisenamper LLP Attn Accounts Payabl | $11,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151410NAL0003132305001, received 2025-10-14, EIN 38-4052008, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.