Plan Snapshot
- Plan Sponsor: Inovalon, INC.
- Sponsor EIN: 711017974
- Sponsor Address: 4321 COLLINGTON RD, BOWIE, MD, 20716
- Plan Type: 401(k)
- Total Participants: 1,824
- Total Assets: $232.7M
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 | 1,824 | $232.7M | $9.3M | $17.7M |
| 2023 | 1,770 | $199.6M | $8.7M | $16.4M |
| 2022 | 1,694 | $181.7M | $9.3M | $17.2M |
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 |
|---|---|---|---|---|
| SC&H ATTEST SERVICES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SC&H ATTEST SERVICES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $109,545 | — | — | — | — |
| 2023 | $137,274 | — | $137,970 | — | — |
| 2022 | $176,617 | $18,750 | $157,867 | — | — |