Plan Ledger DOL Form 5500 · updated monthly

Mediko, Inc.401(k)

MEDIKO, P.C. 401(K) PROFIT SHARING PLAN AND TRUST · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
1.46%

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

Mediko, Inc. reported $59,126 in plan administrative expenses for 2024: 1.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $525 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 1.87% to 1.46%. 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 Virginia (1,886th of 2,266), and 10,035th of 11,654 in professional & technical services. In 2024, employees put in $4.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,384,184
Participants with balances477
Active participants417
Employer contributions$219,061
Employee contributions$882,300
Employer contribution per active participant$525
Average account balance$9,191
Benefits paid to participants$822,660
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 477 accts · $219K emplr
2023$3.7M · 470 accts · $2K emplr
2022$2.8M · 367 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,165
Investment management$22,961
Total administrative$59,126
The Mediko, Inc. 401(k) match · 2024
Employer contribution per active participant$525
Median for plans this size$1,313
2024$525 per active participant
2023$6 per active participant

Mediko, 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 · 20243
EMPOWER ANNUITY INS. CO. OF AMERICA · Recordkeeping · Insurance services$13,319
MERRILL LYNCH,PIERCE,FENNER & SMITH · Investment management$23,046
RETIREMENT PLAN SOLUTIONS, INC. · Contract administrator$16,870

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$59,126 · 1.46%
2023$44,197 · 1.35%
2022$61,397 · 1.87%
Same employer
Similar plansProfessional & Technical Services · Virginia
Ctr Management Group, LLC VA$4.5M · 1.45%
Memoryblue, LLC VA$4.5M · 0.97%
The Masy Group, LLC VA$4.4M · 0.58%
Triumph Enterprises, Inc. VA$4.4M · 0.50%
The Bowen Group VA$4.3M · 0.78%
Heartland Energy Partners VA$4.1M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541823521 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.