Total Longterm Care Solutions, LLC 401(k) Review & Grade
Innovage 401(k) Plan
Denver, COHealth Care & Social Assistance2,352 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,291Employer $ per active participant
$5,670Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$88.5MNet plan assets, end of year
$31,443Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 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 | 57th |
| Lower admin cost | 40th |
| Employee saving | 86th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,730 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Total Longterm Care Solutions put in about $1,291 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 | $3,036,365 |
| Participant (employee) contributions | $13,336,341 |
| Other contributions (incl. rollovers in) | $3,168,879 |
| Administrative expenses paid from the plan | $237,532 |
| Contract administrator fees | $171,200 |
| Investment advisory & management fees | $66,332 |
| Benefits paid out | $10,345,116 |
| Net assets, start / end of year | $69.5M / $88.5M |
| Active participants, start / end of year | 2,221 / 2,483 |
| Participants with account balances | 2,814 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $171,200 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $66,386 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009123829NAL0006992737001, received 2025-10-09, EIN 37-1547964, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.