Zynex, Inc. 401(k) Review & Grade
Zynex, Inc. 401(k) Plan
Englewood, COOther Services928 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,226Employer $ per active participant
$4,569Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$19.8MNet plan assets, end of year
$15,998Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 10th |
| Employee saving | 70th |
| Peers that auto-enroll | 40% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($16,675 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Zynex put in about $1,226 per active participant, below the typical peer ($1,257). 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 (0.80% of assets) are well above similar-size plans (0.23%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,138,721 |
| Participant (employee) contributions | $4,242,766 |
| Other contributions (incl. rollovers in) | $399,746 |
| Administrative expenses paid from the plan | $132,755 |
| Contract administrator fees | $130,755 |
| Other admin expenses | $2,000 |
| Benefits paid out | $1,572,835 |
| Net assets, start / end of year | $13.3M / $19.8M |
| Active participants, start / end of year | 975 / 882 |
| Participants with account balances | 1,237 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Templeton & Company |
Largest service providers (Schedule C)
| Alpha Capital Management Group LLC | $59,751 reported compensation |
| Compass | $7,623 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015212923NAL0011601922001, received 2025-10-15, EIN 90-0275169, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.