Inspiritec, Inc. 401(k) Review & Grade
Inspiritec, Inc. 401k Retirement Plan
Philadelphia, PAHealth Care & Social Assistance1,104 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,077Employer $ per active participant
$406Employee $ saved per active participant
1.39%Direct admin cost, % of plan assets
$13.0MNet plan assets, end of year
$6,748Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 3th |
| Employee saving | 8th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Inspiritec put in about $2,077 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 (1.39% 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.
- 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 | $2,294,018 |
| Participant (employee) contributions | $448,418 |
| Other contributions (incl. rollovers in) | $55,383 |
| Administrative expenses paid from the plan | $166,789 |
| Investment advisory & management fees | $62,441 |
| Benefits paid out | $2,143,023 |
| Net assets, start / end of year | $11.0M / $13.0M |
| Active participants, start / end of year | 1,079 / 1,130 |
| Participants with account balances | 1,927 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bas Partners |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $104,348 reported compensation |
| Cbiz Investment Advisory Services L | $56,989 reported compensation |
| Empower Advisory Group, LLC | $5,452 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813075730NAL0019775010001, received 2025-08-13, EIN 23-3032718, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.