Imprivata, Inc. 401(k) Review & Grade
Imprivata, Inc. 401(k) Plan
Waltham, MAManufacturing798 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,715Employer $ per active participant
$13,439Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$118.8MNet plan assets, end of year
$103,427Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost21.4 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 85th |
| Employee saving | 96th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $93 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Imprivata put in about $3,715 per active participant, more than the typical peer ($2,320). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,966,424 |
| Participant (employee) contributions | $10,730,702 |
| Other contributions (incl. rollovers in) | $1,666,971 |
| Administrative expenses paid from the plan | $60,379 |
| Investment advisory & management fees | $17,647 |
| Other admin expenses | $12,434 |
| Benefits paid out | $8,940,829 |
| Net assets, start / end of year | $97.3M / $118.8M |
| Active participants, start / end of year | 798 / 799 |
| Participants with account balances | 1,149 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $30,298 reported compensation |
| Strategic Advisors, Inc. | $17,647 reported compensation |
| Angell Pension Group, Inc | $12,434 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828151358NAL0018172352001, received 2025-08-28, EIN 04-3560178, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.