Plan Ledger DOL Form 5500 · updated monthly

Medic Ems403(b)

MEDIC EMS RETIREMENT PLAN · DAVENPORT, IA · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Medic Ems reported $54,748 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,574 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 1 year on file its reported administrative ratio rose from 0.38% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (510th of 878), and the 4,690th of 11,911 in health care & social assistance. In 2023, employees put in $1.37 for every $1.00 the employer contributed; active participation has shrunk from 127 to 102 since 2022.

Plan summary
Net assets, end of year$13,998,823
Participants with balances116
Active participants102
Employer contributions$364,544
Employee contributions$498,903
Employer contribution per active participant$3,574
Average account balance$120,680
Benefits paid to participants$1,190,512
Plan auditUnmodified (clean) audit opinion
AuditorCARPENTIER, MITCHELL, GODDARD & CO
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $51K emplr
2023$14.0M · 116 accts · $365K emplr
2022$12.3M · 142 accts · $429K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,748
Total administrative$54,748
Employer contributions to the Medic Ems plan · 2023
Employer contribution per active participant$3,574
Median for plans this size$2,440
2023$3,574 per active participant
2022$3,379 per active participant

Medic Ems's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$54,748
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect 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
2024Not separately reported
2023$54,748 · 0.42%
2022$50,059 · 0.38%
Similar plansHealth Care & Social Assistance · Iowa
Burgess Health Center IA$15.7M · 0.59%
Village Northwest Unlimited IA$15.3M · 0.18%
Mainstream Living, Inc IA$13.3M · 0.04%
Kimball & Beecher Group LLC IA$11.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421186903 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.