Inogen, Inc. 401(k) Review & Grade
Inogen, Inc. 401(k) & Profit Sharing Plan
Goleta, CAManufacturing779 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,018Employer $ per active participant
$5,497Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$35.5MNet plan assets, end of year
$27,876Average balance per account
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 62th |
| Employee saving | 59th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,402 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $41,351 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inogen put in about $1,018 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $792,889 |
| Participant (employee) contributions | $4,281,977 |
| Other contributions (incl. rollovers in) | $744,180 |
| Administrative expenses paid from the plan | $54,440 |
| Benefits paid out | $9,042,006 |
| Net assets, start / end of year | $34.5M / $35.5M |
| Active participants, start / end of year | 852 / 706 |
| Participants with account balances | 1,274 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aafcpas Inc |
Largest service providers (Schedule C)
| Adp, Inc. | $54,440 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251126100104NAL0002463187001, received 2025-11-26, EIN 33-0989359, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.