Plan Ledger DOL Form 5500 · updated monthly

Med-Fast Pharmacy, Inc.401(k)

MED-FAST PHARMACY, INC. PROFIT SHARING PLAN · ALIQUIPPA, PA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Med-Fast Pharmacy, Inc. reported $15,556 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,452 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 rose from 0.24% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Pennsylvania (2,820th of 3,651), and 3,620th of 5,215 in retail trade. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has shrunk from 53 to 47 since 2022.

Plan summary
Net assets, end of year$5,509,373
Participants with balances100
Active participants47
Employer contributions$68,229
Employee contributions$148,244
Employer contribution per active participant$1,452
Average account balance$55,094
Benefits paid to participants$585,476
Plan auditUnmodified (clean) audit opinion
AuditorCYPHER AND CYPHER, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 100 accts · $68K emplr
2023$5.2M · 127 accts · $71K emplr
2022$5.1M · 153 accts · $78K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,556
Total administrative$15,556
The Med-Fast Pharmacy, Inc. 401(k) match · 2024
Employer contribution per active participant$1,452
Median for plans this size$1,313
2024$1,452 per active participant
2023$1,396 per active participant
2022$1,472 per active participant

Med-Fast Pharmacy, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20244
DUNBAR, BENDER & ZAPF, INC. · Recordkeeping · Loan processing$4,939
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$1,802
HBKS WEALTH ADVISORS · Investment advisory (plan)$20,457
CYPHER & CYPHER · Accounting / audit$9,610

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

Recordkeeper by year2
2024DUNBAR, BENDER & ZAPF, INC., Transamerica
2023DUNBAR, BENDER & ZAPF, INC., Transamerica

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Administrative cost history3
2024$15,556 · 0.29%
2023$48,505 · 0.95%
2022$15,323 · 0.24%
Similar plansRetail Trade · Pennsylvania
Buckmans, Inc. PA$5.6M · 0.76%
M & B Paul, Inc. PA$5.6M · 0.59%
Cl Cressler, Inc. PA$5.5M · 0.60%
York Auto Group, Inc. PA$5.3M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251631348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.