Plan Ledger DOL Form 5500 · updated monthly

Medical Card System, Inc.Profit-sharing plan

MEDICAL CARD SYSTEM SAVINGS PLAN · SAN JUAN, PR · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Medical Card System, Inc. reported $26,967 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $352 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 fell from 0.14% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 21st-largest of 323 plans among PR employers on file, and the 1,208th of 4,798 in finance & insurance. In 2024, employees put in $5.28 for every $1.00 the employer contributed; active participation has grown from 2,205 to 2,477 since 2022.

Plan summary
Net assets, end of year$77,615,945
Participants with balances2,179
Active participants2,477
Employer contributions$870,808
Employee contributions$4,599,178
Employer contribution per active participant$352
Average account balance$35,620
Benefits paid to participants$4,843,645
Plan auditUnmodified (clean) audit opinion
AuditorLANDA UMPIERRE PSC
Plan history3
Yearassets · accounts · employer contribution
2024$77.6M · 2,179 accts · $871K emplr
2023$66.4M · 2,197 accts · $1.8M emplr
2022$52.2M · 2,126 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,967
Total administrative$26,967
Employer contributions to the Medical Card System, Inc. plan · 2024
Employer contribution per active participant$352
Median for plans this size$3,635
2024$352 per active participant
2023$807 per active participant
2022$784 per active participant

Medical Card System, Inc.'s 2024 employer contribution ran below the $3,635 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
BPPR - POPULAR FIDUCIARY SERVICES · Trustee$32,470

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$26,967 · 0.04%
2023$49,414 · 0.08%
2022$81,791 · 0.14%
Same employer
Similar plansFinance & Insurance · PR
Firstbank of Puerto Rico PR$192.7M · 0.08%
Oriental Bank PR$179.8M · 0.09%
Mmm Holdings LLC PR$97.6M · 0.19%
Mapfre Praico Corporation PR$70.3M · 0.06%
Triple-S Vida, Inc. PR$39.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660702991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.