Plan Snapshot
- Plan Sponsor: Innovive Health Of Massachusetts, LLC
- Sponsor EIN: 113731600
- Sponsor Address: 10 CABOT STREET, SUITE 101, MEDFORD, MA, 02155
- Plan Type: 401(k)
- Total Participants: 705
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 705 | $14.1M | $221,625 | $1.8M |
| 2023 | 636 | $11.6M | $190,893 | $1.4M |
| 2022 | 657 | $9.1M | $195,233 | $1.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $25,937 | — | $25,937 |
| SMITH BROTHERS FINANCIAL | Other Service Provider | $25,731 | — | $25,731 |
| PENSION CONSULTANTS INC | Investment Advisor | $15,471 | — | $15,471 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- PENSION CONSULTANTS INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,139
- Estimated Expense Ratio: 0.475% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $64,111 | — | — | — | — |
| 2023 | $74,073 | — | — | — | — |
| 2022 | $44,924 | — | $44,924 | — | — |