Plan Ledger DOL Form 5500 · updated monthly

Medcor, Inc.401(k)

MEDCOR, INC. PROFIT SHARING THRIFT & INVESTMENT PLAN · MCHENRY, IL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Medcor, Inc. reported $52,393 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $415 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 0.11% to 0.12%. 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 965th-largest of 3,702 plans among Illinois employers on file, and the 1,965th of 11,911 in health care & social assistance. In 2024, employees put in $4.19 for every $1.00 the employer contributed; active participation has grown from 1,047 to 2,315 since 2022.

Plan summary
Net assets, end of year$47,195,641
Participants with balances1,251
Active participants2,315
Employer contributions$961,471
Employee contributions$4,031,785
Employer contribution per active participant$415
Average account balance$37,726
Benefits paid to participants$6,269,064
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.2M · 1,251 accts · $961K emplr
2023$43.1M · 1,130 accts · $1.0M emplr
2022$38.6M · 1,102 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,393
Total administrative$52,393
The Medcor, Inc. 401(k) match · 2024
Employer contribution per active participant$415
Median for plans this size$2,416
2024$415 per active participant
2023$474 per active participant
2022$1,010 per active participant

Medcor, 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
FIRST AMERICAN BANK · Recordkeeping · Trustee$52,393

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

Recordkeeper by year2
2024FIRST AMERICAN BANK
2023FIRST AMERICAN BANK

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

Administrative cost history3
2024$52,393 · 0.12%
2023$52,128 · 0.13%
2022$43,746 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Addus Healthcare, Inc. IL$48.2M · 0.76%
Experity, Inc. IL$47.5M · 0.03%
Pediatrust, LLC IL$43.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363329823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.