Orthoindy 401(k) Review & Grade
Orthopaedics Indianapolis, Inc. Profit Sharing & 401(k) Plan
Indianapolis, INHealth Care & Social Assistance1,055 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,287Employer $ per active participant
$6,299Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$229.4MNet plan assets, end of year
$193,086Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 87th |
| Employee saving | 90th |
| 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
- Orthoindy put in about $7,287 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.
- 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 | $7,687,960 |
| Participant (employee) contributions | $6,645,294 |
| Other contributions (incl. rollovers in) | $1,912,580 |
| Administrative expenses paid from the plan | $112,152 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $23,654,651 |
| Net assets, start / end of year | $209.6M / $229.4M |
| Active participants, start / end of year | 972 / 1,138 |
| Participants with account balances | 1,188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,461 reported compensation |
| Procourse Fiduciary Advisors LLC | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822153334NAL0002631443001, received 2025-08-22, EIN 35-1090576, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.