Plan Ledger DOL Form 5500 · updated monthly

Medstar, Inc.401(k)

MEDSTAR AMBULANCE RETIREMENT SAVINGS PLAN & TRUST · CLINTON TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Medstar, Inc. reported $46,750 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,091 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 0.40% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,473rd of 2,619), and the 5,449th of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,922,526
Participants with balances500
Active participants214
Employer contributions$447,388
Employee contributions$1,000,754
Employer contribution per active participant$2,091
Average account balance$21,845
Benefits paid to participants$1,644,566
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 500 accts · $447K emplr
2023$9.9M · 502 accts · $341K emplr
2022$8.0M · 431 accts · $356K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,584
Investment management$37,166
Total administrative$46,750
The Medstar, Inc. 401(k) match · 2024
Employer contribution per active participant$2,091
Median for plans this size$2,416
2024$2,091 per active participant
2023$1,633 per active participant
2022$1,664 per active participant

Medstar, Inc.'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
EMPOWER ADVISORY GROUP, LLC · Investment management$37,166

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$46,750 · 0.45%
2023$36,095 · 0.40%
2022$33,059 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Regional Medical Imaging PC MI$12.1M · 0.22%
D. a. Blodgett - St. John's MI$11.0M · 0.42%
Moka Corporation MI$10.7M · 0.30%
Cpd Distribution, LLC MI$10.4M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382666933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.