Envision Management, LLC 401(k) Review & Grade
Envision Management, LLC 401(k) Profit Sharing Plan
Colorado Springs, COHealth Care & Social Assistance1,572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,331Employer $ per active participant
$2,597Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$54.0MNet plan assets, end of year
$47,000Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 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 | 58th |
| Lower admin cost | 30th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,211 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Envision Management put in about $1,331 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 (0.40% 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.
- 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 | $2,093,302 |
| Participant (employee) contributions | $4,083,569 |
| Other contributions (incl. rollovers in) | $702,908 |
| Administrative expenses paid from the plan | $202,407 |
| Contract administrator fees | $132,557 |
| Investment advisory & management fees | $69,850 |
| Benefits paid out | $6,206,271 |
| Net assets, start / end of year | $47.2M / $54.0M |
| Active participants, start / end of year | 1,575 / 1,570 |
| Participants with account balances | 1,148 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $132,557 reported compensation |
| Morgan Stanley Global | $69,871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008085258NAL0003139619001, received 2025-10-08, EIN 84-1613233, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.