Plan Ledger DOL Form 5500 · updated monthly

Medical Informatics Engineering,401(k)

MEDICAL INFORMATICS ENGINEERING, INC. 401(K) RETIREMENT PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Medical Informatics Engineering, reported $34,681 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,914 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 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Indiana (783rd of 1,562), and 7,103rd of 11,654 in professional & technical services. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,982,745
Participants with balances172
Active participants142
Employer contributions$555,825
Employee contributions$1,033,219
Employer contribution per active participant$3,914
Average account balance$75,481
Benefits paid to participants$187,404
Plan auditUnmodified (clean) audit opinion
AuditorKATZ, SAPPER & MILLER, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$13.0M · 172 accts · $556K emplr
2023$10.2M · 135 accts · $379K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,406
Investment management$2,275
Total administrative$34,681
The Medical Informatics Engineering, 401(k) match · 2024
Employer contribution per active participant$3,914
Median for plans this size$2,416
2024$3,914 per active participant
2023$3,539 per active participant

Medical Informatics Engineering,'s 2024 employer contribution ran above 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
ADP, INC. · Loan processing · Recordkeeping$34,680

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
2023ADP

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Administrative cost history2
2024$34,681 · 0.30%
2023$27,995 · 0.31%
Same employer
Similar plansProfessional & Technical Services · Indiana
The Schneider Corporation IN$13.8M · 0.45%
Theoris, Inc. IN$13.7M · 0.28%
Dgperry, PLLC IN$13.1M · 0.43%
Tpg, Inc. IN$13.0M · 0.05%
Stratosphere Quality, LLC IN$12.1M · 1.71%
Ambassador Enterprises, LLC IN$11.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351975341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.