Plan Ledger DOL Form 5500 · updated monthly

Medical Services of America, Inc.401(k)

MEDICAL SERVICES OF AMERICA, INC. 401(K) RETIREMENT PLAN · LEXINGTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Medical Services of America, Inc. reported $226,437 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $488 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 3 years on file its reported administrative ratio has held roughly steady near 0.50%. 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 122nd-largest of 807 plans among South Carolina employers on file, and the 1,958th of 11,911 in health care & social assistance. In 2024, employees put in $4.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$47,310,519
Participants with balances953
Active participants1,349
Employer contributions$658,752
Employee contributions$2,862,191
Employer contribution per active participant$488
Average account balance$49,644
Benefits paid to participants$4,977,329
Plan auditUnmodified (clean) audit opinion
AuditorSCOTT AND COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$47.3M · 953 accts · $659K emplr
2023$43.1M · 968 accts · $619K emplr
2022$39.7M · 1,005 accts · $617K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,380
Investment management$92,042
Audit (IQPA)$10,300
Total administrative$226,437
The Medical Services of America, Inc. 401(k) match · 2024
Employer contribution per active participant$488
Median for plans this size$2,416
2024$488 per active participant
2023$447 per active participant
2022$440 per active participant

Medical Services of America, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$92,042
CETERA INVESTMENT ADVISERS LLC$67,715
SCOTT AND COMPANY, LLC · Accounting / audit$10,300

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$226,437 · 0.50%
2023$199,426 · 0.48%
2022$210,702 · 0.48%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Musc Health Partners SC$50.7M · 0.20%
Eye Health America, LLC SC$45.3M · 0.76%
Inspirium Health, LLC SC$39.6M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540950139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.