Plan Ledger DOL Form 5500 · updated monthly

Medco Enterprises, Inc.401(k)

MEDCO ENTERPRISES, INC. & AFFILIATES RETIREMENT PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Medco Enterprises, Inc. reported $11,733 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $496 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 0.07% to 0.13%. 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 New York (3,639th of 5,648), and the 5,771st of 11,911 in health care & social assistance. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,790,549
Participants with balances692
Active participants819
Employer contributions$406,564
Employee contributions$677,809
Employer contribution per active participant$496
Average account balance$14,148
Benefits paid to participants$1,086,068
Plan auditUnmodified (clean) audit opinion
AuditorHMM & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 692 accts · $407K emplr
2023$8.3M · 635 accts · $345K emplr
2022$6.5M · 598 accts · $351K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,733
Total administrative$11,733
The Medco Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$496
Median for plans this size$1,313
2024$496 per active participant
2023$419 per active participant
2022$404 per active participant

Medco Enterprises, Inc.'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 · 20241
VOYA RETIREMENT · Other servicesindirect comp

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$11,733 · 0.13%
2023$8,625 · 0.12%
2022$5,107 · 0.07%
Similar plansHealth Care & Social Assistance · New York
J.M. Murray Center, Inc. NY$9.9M · 0.31%
Usg Services, LLC NY$9.9M · 0.79%
Symphony Medical PC NY$9.8M · 0.28%
Hospice of New York LLC NY$9.6M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132838238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.