Inovex Information Systems 401(k) Review & Grade
Inovex Information Systems 401(k) Plan
Columbia, MDProfessional, Scientific & Technical Services534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$22,249Employer $ per active participant
$13,231Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$89.6MNet plan assets, end of year
$118,945Average balance per account
Score breakdown
- Employer generosity49.9 / 50100th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 53th |
| Employee saving | 81th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,372 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inovex Information Systems put in about $22,249 per active participant, more than the typical peer ($3,082). 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.
- 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 | $11,869,641 |
| Participant (employee) contributions | $7,058,616 |
| Other contributions (incl. rollovers in) | $3,549,241 |
| Administrative expenses paid from the plan | $117,447 |
| Contract administrator fees | $15,335 |
| Investment advisory & management fees | $76,918 |
| Benefits paid out | $8,173,047 |
| Net assets, start / end of year | $23.3M / $89.6M |
| Active participants, start / end of year | 482 / 585 |
| Participants with account balances | 753 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $67,478 reported compensation |
| Empower Annuity Insurance Co of Am | $33,449 reported compensation |
| Coastal Pension Services, Inc. | $27,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250804131357NAL0000750099001, received 2025-08-04, EIN 20-0789181, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.