Ivi America LLC 401(k) Review & Grade
Ivi America LLC 401(k) Profit Sharing Plan
Basking Ridge, NJHealth Care & Social Assistance1,083 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,654Employer $ per active participant
$6,560Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$68.9MNet plan assets, end of year
$49,825Average balance per account
Score breakdown
- Employer generosity39.6 / 5079th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 39th |
| Employee saving | 91th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $515 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ivi America put in about $2,654 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.
- 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 | $2,874,539 |
| Participant (employee) contributions | $7,104,676 |
| Other contributions (incl. rollovers in) | $777,378 |
| Administrative expenses paid from the plan | $186,617 |
| Investment advisory & management fees | $95,885 |
| Benefits paid out | $6,184,434 |
| Net assets, start / end of year | $50.0M / $68.9M |
| Active participants, start / end of year | 954 / 1,212 |
| Participants with account balances | 1,383 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clyne Eagan & Associates, P.A. |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $95,885 reported compensation |
| Clyne Eagan & Associates | $56,044 reported compensation |
| Fidelity Investments Institutional | $29,948 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015100424NAL0004255073001, received 2025-10-15, EIN 81-1332940, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.