Isolved, Inc. 401(k) Review & Grade
Isolved 401(k) Plan
Charlotte, NCAdministrative, Support & Staffing Services2,128 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,848Employer $ per active participant
$6,382Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$108.6MNet plan assets, end of year
$44,698Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 64th |
| Employee saving | 87th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,727 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Isolved put in about $1,848 per active participant, more than the typical peer ($712). 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.
- 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 | $3,933,977 |
| Participant (employee) contributions | $13,583,181 |
| Other contributions (incl. rollovers in) | $7,150,079 |
| Administrative expenses paid from the plan | $143,272 |
| Investment advisory & management fees | $29,533 |
| Benefits paid out | $15,044,369 |
| Net assets, start / end of year | $87.1M / $108.6M |
| Active participants, start / end of year | 2,182 / 2,075 |
| Participants with account balances | 2,430 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $113,801 reported compensation |
| Newfront Retirement Services Inc | $29,533 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924165956NAL0008404784001, received 2025-09-24, EIN 38-2976613, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.