Plan Ledger DOL Form 5500 · updated monthly

Medi USA, LP401(k)

MEDI USA, L.P. PROFIT SHARING 401(K) PLAN · WHITSETT, NC · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Medi USA, LP reported $39,377 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,359 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 0.16% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 669th-largest of 2,005 plans among North Carolina employers on file, and the 1,682nd of 4,246 in wholesale trade. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 274 to 311 since 2022.

Plan summary
Net assets, end of year$23,141,016
Participants with balances346
Active participants311
Employer contributions$733,654
Employee contributions$1,336,084
Employer contribution per active participant$2,359
Average account balance$66,882
Benefits paid to participants$4,365,224
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 346 accts · $734K emplr
2023$22.3M · 327 accts · $650K emplr
2022$18.8M · 333 accts · $612K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,377
Total administrative$39,377
The Medi USA, LP 401(k) match · 2024
Employer contribution per active participant$2,359
Median for plans this size$2,416
2024$2,359 per active participant
2023$2,389 per active participant
2022$2,232 per active participant

Medi USA, LP'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$39,377

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$39,377 · 0.17%
2023$34,836 · 0.17%
2022$32,101 · 0.16%
Same employer
Similar plansWholesale Trade · North Carolina
Carotek, Inc. NC$25.1M · 0.30%
M.G. Newell Corporation NC$24.6M · 0.39%
Patterson Pope, Inc NC$21.0M · 0.35%
Weinig Holz-Her USA, Inc. NC$19.8M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363615477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.