Plan5500

Inovalon, Inc. 401(K) Retirement Savings Plan — Form 5500 plan (Inovalon, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Inovalon, Inc. 401(K) Retirement Savings Plan is a benefit plan reported by Inovalon, Inc. under EIN 71-1017974 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,648 participants and $199,611,945 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Inovalon, Inc.
EIN
71-1017974
Plan number
001
Plan type
2
Location
Bowie, MD
Latest filing year
2023
Participants
2,648
End-of-year plan assets
$199,611,945

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,648H, C20240730160105NAL0034831728001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$199,611,945
Total liabilities (EOY)
$0
Net assets (EOY)
$199,611,945
Net assets (BOY)
$181,721,452

Income & contributions

Employer contributions
$8,726,602
Participant contributions
$16,437,313
Total contributions
$29,204,502
Total income / additions
$56,564,606

Expenses & distributions

Benefits paid
$19,337,480
Administrative expenses
$137,274
Total expenses
$19,546,380
Net increase / (decrease)
$37,018,226

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$137,972$02023

Related Form 5500 pages