U.S. Nursing Corporation 401(k) Review & Grade
Ingenovis Health 401(k) Plan
Greenwood Village, COHealth Care & Social Assistance4,982 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$393Employer $ per active participant
$988Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$61.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 34th |
| Employee saving | 26th |
| Peers that auto-enroll | 38% |
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 $9,899 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- U.S. Nursing put in about $393 per active participant, below the typical peer ($800). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.20% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,960,065 |
| Participant (employee) contributions | $4,921,839 |
| Other contributions (incl. rollovers in) | $304,539 |
| Administrative expenses paid from the plan | $113,211 |
| Other admin expenses | $4,214 |
| Benefits paid out | $13,246,936 |
| Net assets, start / end of year | $50.6M / $61.8M |
| Active participants, start / end of year | 4,326 / 5,637 |
| Participants with account balances | 1,199 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Haynie & Company |
Largest service providers (Schedule C)
| Bokf, NA | $106,961 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251113112205NAL0001460801001, received 2025-11-13, EIN 84-1108544, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.