Plan Ledger DOL Form 5500 · updated monthly

Medacuity, LLC401(k)

MEDACUITY LLC 401K PLAN AND TRUST · WESTFORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Medacuity, LLC reported $26,426 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $5,231 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 0.25% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,626th of 2,726), and 6,976th of 11,654 in professional & technical services. In 2024, employees put in $2.81 for every $1.00 the employer contributed; active participation has shrunk from 90 to 74 since 2022.

Plan summary
Net assets, end of year$13,435,205
Participants with balances111
Active participants74
Employer contributions$387,079
Employee contributions$1,087,637
Employer contribution per active participant$5,231
Average account balance$121,038
Benefits paid to participants$708,576
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPANY,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 111 accts · $387K emplr
2023$11.1M · 120 accts · $431K emplr
2022$9.6M · 160 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,195
Investment management$231
Total administrative$26,426
The Medacuity, LLC 401(k) match · 2024
Employer contribution per active participant$5,231
Median for plans this size$2,416
2024$5,231 per active participant
2023$5,526 per active participant
2022$5,848 per active participant

Medacuity, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$26,426

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$26,426 · 0.22%
2023$23,161 · 0.22%
2022$24,657 · 0.25%
Similar plansProfessional & Technical Services · Massachusetts
Veracross LLC MA$13.8M · 0.34%
Covaris LLC MA$13.7M · 0.28%
Security Innovation, Inc. MA$13.7M · 0.22%
Edenroc Sciences, LLC MA$13.5M · 0.01%
Velsera Inc. MA$13.2M · 0.42%
P3I, Incorporated MA$13.2M · 0.40%
Clough USA, Inc. MA$13.1M · 0.45%
Valo Health Inc. MA$13.0M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320229186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.