Plan Ledger DOL Form 5500 · updated monthly

Med-Smart, Inc.401(k)

MED-SMART, INC. 401K PLAN · HENDERSON, NV · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Med-Smart, Inc. reported $78,928 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $189 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 165th-largest of 437 plans among Nevada employers on file, and the 4,850th of 11,911 in health care & social assistance. In 2024, employees put in $14.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,286,434
Participants with balances304
Active participants530
Employer contributions$100,000
Employee contributions$1,419,535
Employer contribution per active participant$189
Average account balance$43,705
Benefits paid to participants$1,073,955
Plan auditUnmodified (clean) audit opinion
AuditorVELEZ & HARDY CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 304 accts · $100K emplr
2023$11.2M · 277 accts · $100K emplr
2022$8.5M · 260 accts · $93K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,850
Investment management$76,078
Total administrative$78,928
The Med-Smart, Inc. 401(k) match · 2024
Employer contribution per active participant$189
Median for plans this size$2,416
2024$189 per active participant
2023$200 per active participant
2022$192 per active participant

Med-Smart, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,928 · 0.64%
2023$62,190 · 0.63%
2022$58,383 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · Nevada
Urology Nevada, LTD. NV$16.2M · 0.47%
Opportunity Village NV$13.2M · 0.05%
Unlv Medicine NV$11.5M · 1.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 880447584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.