Plan Ledger DOL Form 5500 · updated monthly

Mako Medical Laboratories401(k)

MAKO MEDICAL LABORATORIES LLC 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.55%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Mako Medical Laboratories reported $40,399 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $411 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.69% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,229th of 2,005), and 6,412th of 11,911 in health care & social assistance. In 2024, employees put in $6.74 for every $1.00 the employer contributed; active participation has shrunk from 921 to 821 since 2022.

Plan summary
Net assets, end of year$8,078,590
Participants with balances949
Active participants821
Employer contributions$337,770
Employee contributions$2,276,701
Employer contribution per active participant$411
Average account balance$8,513
Benefits paid to participants$1,878,938
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 949 accts · $338K emplr
2023$6.6M · 861 accts · $292K emplr
2022$4.3M · 471 accts · $277K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,399
Total administrative$40,399
The Mako Medical Laboratories 401(k) match · 2024
Employer contribution per active participant$411
Median for plans this size$1,313
2024$411 per active participant
2023$334 per active participant
2022$300 per active participant

Mako Medical Laboratories's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER$39,574

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$40,399 · 0.55%
2023$36,586 · 0.67%
2022$27,501 · 0.69%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Healthgram, Inc. NC$8.4M · 0.80%
Life, Inc. NC$8.3M · 0.52%
Port Health Services NC$7.9M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471359076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.