Plan Ledger DOL Form 5500 · updated monthly

Medically Home Group Inc401(k)

MEDICALLY HOME GROUP INC 401K · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Medically Home Group Inc reported $44,601 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.46% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,874th of 2,726), and 7,902nd of 11,654 in professional & technical services. In 2024, employees put in $305462.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,300,849
Participants with balances270
Active participants312
Employer contributions$7
Employee contributions$2,138,237
Employer contribution per active participant$0
Average account balance$38,151
Benefits paid to participants$1,442,454
Plan auditUnmodified (clean) audit opinion
AuditorFML
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 270 accts · $7 emplr
2023$7.3M · 274 accts
2022$4.2M · 238 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,601
Total administrative$44,601
The Medically Home Group Inc 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2024$0 per active participant
2022$24 per active participant

Medically Home Group Inc's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$44,600

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

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

Administrative cost history3
2024$44,601 · 0.51%
2023$28,602 · 0.50%
2022$14,696 · 0.46%
Similar plansProfessional & Technical Services · Massachusetts
Dgi Communications, LLC MA$10.6M · 0.44%
Fsg, Inc. MA$10.5M · 0.06%
Matter Communications, Inc. MA$10.5M · 0.59%
Schumacher Company, Inc. MA$10.3M · 0.32%
Complete Payroll Solutions MA$10.2M · 0.13%
Trax Retail, Inc. MA$10.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811022962 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.