Plan Ledger DOL Form 5500 · updated monthly

Medcost, LLC401(k)

MEDCOST 401(K) PLAN · WINSTON-SALEM, NC · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Medcost, LLC reported $131,763 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,099 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 0.33% to 0.36%. 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 465th-largest of 2,005 plans among North Carolina employers on file, and the 3,376th of 11,654 in professional & technical services. In 2024, employees put in $3.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,925,536
Participants with balances484
Active participants418
Employer contributions$877,522
Employee contributions$2,929,950
Employer contribution per active participant$2,099
Average account balance$80,425
Benefits paid to participants$3,973,094
Plan auditQualified audit opinion
AuditorBERNARD ROBINSON & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 484 accts · $878K emplr
2023$34.9M · 513 accts · $895K emplr
2022$29.7M · 523 accts · $820K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,763
Total administrative$131,763
The Medcost, LLC 401(k) match · 2024
Employer contribution per active participant$2,099
Median for plans this size$2,416
2024$2,099 per active participant
2023$1,947 per active participant
2022$1,877 per active participant

Medcost, LLC's 2024 employer contribution ran below 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$131,763
MMA SECURITIES LLC · Investment advisory (plan)$66,665

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$131,763 · 0.36%
2023$110,522 · 0.34%
2022$106,556 · 0.33%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Rcr Enterprises, LLC NC$39.0M · 0.27%
Tep Holdings, LLC NC$38.9M · 0.54%
Clinipace Inc NC$38.4M · 0.19%
Dystar LP NC$38.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561999192 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.