Inotiv, Inc. 401(k) Review & Grade
Inotiv, Inc. Retirement Plan
West Lafayette, INProfessional, Scientific & Technical Services1,654 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$654Employer $ per active participant
$6,705Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$118.1MNet plan assets, end of year
$55,496Average balance per account
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 51th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,036 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inotiv put in about $654 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,081,458 |
| Participant (employee) contributions | $11,093,342 |
| Other contributions (incl. rollovers in) | $1,858,287 |
| Administrative expenses paid from the plan | $246,108 |
| Investment advisory & management fees | $11,647 |
| Other admin expenses | $70,744 |
| Benefits paid out | $13,588,807 |
| Net assets, start / end of year | $102.8M / $118.1M |
| Active participants, start / end of year | 1,517 / 1,792 |
| Participants with account balances | 2,128 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Huth Thompson LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $140,117 reported compensation |
| Sageview Advisory Group, LLC | $70,744 reported compensation |
| Huth Thompson LLP | $23,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015192457NAL0011201762001, received 2025-10-15, EIN 35-1345024, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.