Plan Ledger DOL Form 5500 · updated monthly

Medaire, Inc.401(k)

MEDAIRE 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Medaire, Inc. reported $11,981 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,709 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 0.16% to 0.08%. 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 the 431st-largest of 1,285 plans among Arizona employers on file, and 6,381st of 11,654 in professional & technical services. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,857,798
Participants with balances222
Active participants196
Employer contributions$530,967
Employee contributions$1,009,645
Employer contribution per active participant$2,709
Average account balance$71,432
Benefits paid to participants$2,334,217
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 222 accts · $531K emplr
2023$13.7M · 209 accts · $466K emplr
2022$10.9M · 179 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,981
Total administrative$11,981
The Medaire, Inc. 401(k) match · 2024
Employer contribution per active participant$2,709
Median for plans this size$2,416
2024$2,709 per active participant
2023$2,467 per active participant
2022$2,361 per active participant

Medaire, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$11,829

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$11,981 · 0.08%
2023$18,197 · 0.15%
2022$18,530 · 0.16%
Similar plansProfessional & Technical Services · Arizona
Wilson Engineers, LLC AZ$16.6M · 0.41%
The Money Source AZ$16.2M · 0.98%
Gps Insight, Inc. AZ$14.3M · 0.52%
Fst Technical Services, Inc AZ$13.6M · 0.27%
Spear Education, LLC AZ$13.6M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 980598955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.