Plan Ledger DOL Form 5500 · updated monthly

Medical Society of Delaware401(k)

MEDICAL SOCIETY OF DELAWARE 401(K) PROFIT SHARING PLAN · NEWARK, DE · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Medical Society of Delaware reported $187,499 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,889 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 rose from 0.87% to 0.97%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 96th-largest of 242 plans among Delaware employers on file, and the 1,028th of 3,341 in other services. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has shrunk from 184 to 147 since 2022.

Plan summary
Net assets, end of year$20,805,403
Participants with balances200
Active participants147
Employer contributions$718,675
Employee contributions$902,019
Employer contribution per active participant$4,889
Average account balance$104,027
Benefits paid to participants$929,376
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 200 accts · $719K emplr
2023$18.0M · 171 accts · $617K emplr
2022$18.3M · 241 accts · $712K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$187,499
Total administrative$187,499
The Medical Society of Delaware 401(k) match · 2024
Employer contribution per active participant$4,889
Median for plans this size$2,416
2024$4,889 per active participant
2023$3,198 per active participant
2022$3,869 per active participant

Medical Society of Delaware's 2024 employer contribution ran above the $2,416 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.

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
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$129,193
PINNACLE FINANCIAL SERVICES, INC · Recordkeeping · Loan processing$11,049
TEMPLETON & COMPANY LLP · Accounting / audit$19,500
CETERA FINANCIAL GROUP · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024PINNACLE FINANCIAL SERVICES, INC, Transamerica
2023PINNACLE FINANCIAL SERVICES, Transamerica

This plan has changed recordkeepers within these filings. If you left Medical Society of Delaware before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$187,499 · 0.97%
2023$158,569 · 0.87%
2022$177,081 · 0.87%
Similar plansOther Services · Delaware
Jc USA, Inc. DE$45.7M · 0.39%
Nixon Uniform Service, Inc. DE$30.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510061011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.