Inspirium Health, LLC 401(k) Review & Grade
Interim Healthcare of the Upstate 401(k) Plan · d/b/a D/B/A Interim Healthcare of the Upstate
Greenville, SCHealth Care & Social Assistance610 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,997Employer $ per active participant
$4,315Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$39.6MNet plan assets, end of year
$50,286Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 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 | 71th |
| Lower admin cost | 22th |
| Employee saving | 71th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($53,317 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Inspirium Health put in about $1,997 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 (0.51% 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.
- 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 | $1,217,876 |
| Participant (employee) contributions | $2,632,438 |
| Other contributions (incl. rollovers in) | $439,272 |
| Administrative expenses paid from the plan | $187,247 |
| Benefits paid out | $3,593,809 |
| Net assets, start / end of year | $33.9M / $39.6M |
| Active participants, start / end of year | 646 / 574 |
| Participants with account balances | 787 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Elliott Davis LLC |
Largest service providers (Schedule C)
| South State Retirement Plan Service | $187,247 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152357NAL0002546019001, received 2025-10-15, EIN 87-4795720, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.