Plan Ledger DOL Form 5500 · updated monthly

Medicus Select, LLC401(k)

MEDICUS SELECT, LLC 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Medicus Select, LLC reported $37,585 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,342 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 0.41% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,348th-largest of 3,644 plans among Florida employers on file, and the 749th of 2,534 in administrative & support services. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves; active participation has grown from 464 to 766 since 2022.

Plan summary
Net assets, end of year$15,370,039
Participants with balances547
Active participants766
Employer contributions$1,027,737
Employee contributions$695,963
Employer contribution per active participant$1,342
Average account balance$28,099
Benefits paid to participants$1,667,680
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 547 accts · $1.0M emplr
2023$13.8M · 500 accts · $1.1M emplr
2022$11.7M · 750 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,659
Investment management$2,106
Audit (IQPA)$11,820
Total administrative$37,585
The Medicus Select, LLC 401(k) match · 2024
Employer contribution per active participant$1,342
Median for plans this size$2,416
2024$1,342 per active participant
2023$1,279 per active participant
2022$2,217 per active participant

Medicus Select, LLC'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,335
MSL, P.A. · Accounting / audit$11,820

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$37,585 · 0.26%
2023$22,556 · 0.18%
2022$49,294 · 0.41%
Similar plansAdministrative & Support Services · Florida
Stratus Peo 1 LLC FL$17.7M · 0.10%
Youth Co-Op, Inc. FL$17.5M · 0.59%
Worksite, LLC. FL$17.3M · 1.30%
Sdi, Inc. FL$14.6M · 0.68%
Leesar Inc. FL$14.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452980304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.