Medical and Financial Management, Inc.401(k)
MARTIN MEMORIAL HEALTH SYSTEMS 401(K) RETIREMENT SAVINGS PLAN · STUART, FL · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Medical and Financial Management, Inc. reported $73,961 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,442 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 has held roughly steady near 0.042%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 183rd-largest of 3,644 plans among Florida employers on file, and the 648th of 11,911 in health care & social assistance. In 2023, the employer put in $2.19 for every $1.00 employees contributed themselves; active participation has grown from 1,218 to 2,442 since 2022.
Medical and Financial Management, Inc.'s 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 592320501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.