Plan Ledger DOL Form 5500 · updated monthly

Medical Diagnostic Laboratories,401(k)

MEDICAL DIAGNOSTIC LABORATORIES, LLC 401(K) PROFIT SHARING PLAN · HAMILTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Medical Diagnostic Laboratories, reported $144,590 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,387 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 0.47% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 741st-largest of 2,419 plans among New Jersey employers on file, and the 2,464th of 11,911 in health care & social assistance. In 2024, employees put in $2.48 for every $1.00 the employer contributed; active participation has grown from 500 to 599 since 2022.

Plan summary
Net assets, end of year$35,011,059
Participants with balances529
Active participants599
Employer contributions$830,725
Employee contributions$2,056,920
Employer contribution per active participant$1,387
Average account balance$66,183
Benefits paid to participants$3,807,498
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.0M · 529 accts · $831K emplr
2023$32.0M · 600 accts · $942K emplr
2022$28.1M · 579 accts · $934K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,446
Investment management$80,144
Total administrative$144,590
The Medical Diagnostic Laboratories, 401(k) match · 2024
Employer contribution per active participant$1,387
Median for plans this size$2,416
2024$1,387 per active participant
2023$1,942 per active participant
2022$1,867 per active participant

Medical Diagnostic Laboratories,'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
WELLS FARGO · Recordkeeping · Trustee$80,144
ADP, INC. · Loan processing · Recordkeeping$64,446

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Wells Fargo
2023ADP, Wells Fargo

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$144,590 · 0.43%
2023$130,407 · 0.43%
2022$132,533 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Eclc of Nj NJ$36.3M · 0.05%
Wasc Holding LLC NJ$35.7M · 0.15%
Tenafly Pediatrics, P.A. NJ$35.6M · 0.09%
Acenda, Inc. NJ$33.5M · 0.26%
Cpc Integrated Health, Inc. NJ$32.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223510467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.