Plan Ledger DOL Form 5500 · updated monthly

Medimpact Healthcare Systems, Inc.401(k)

MEDIMPACT HEALTHCARE SYSTEMS, INC. 401(K) SALARY SAVINGS PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Medimpact Healthcare Systems, Inc. reported $218,988 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,416 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 1 year on file its reported administrative ratio fell from 0.10% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 459th-largest of 9,483 plans among California employers on file, and the 186th of 4,246 in wholesale trade. In 2023, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$263,105,196
Participants with balances2,080
Active participants1,550
Employer contributions$5,295,354
Employee contributions$15,949,595
Employer contribution per active participant$3,416
Average account balance$126,493
Benefits paid to participants$21,926,149
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$263.1M · 2,080 accts · $5.3M emplr
2022$214.1M · 2,057 accts · $5.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$143,988
Investment management$75,000
Total administrative$218,988
The Medimpact Healthcare Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$3,416
Median for plans this size$3,659
2023$3,416 per active participant
2022$3,327 per active participant

Medimpact Healthcare Systems, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$144,274
MMA SECURITIES · Investment advisory (plan)$75,000

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

Administrative cost history2
2023$218,988 · 0.09%
2022$254,195 · 0.10%
Same employer
Similar plansWholesale Trade · California
Orora Packaging Solutions CA$304.2M · 0.01%
Peterson Holding Company CA$295.6M · 0.05%
Valent U. S. a. LLC CA$271.5M · 0.03%
Monster Beverage Corporation CA$260.2M · 0.13%
Pace Supply Corporation CA$249.2M · 0.00%
Skechers USA, Inc. CA$237.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330567651 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.