Plan Ledger DOL Form 5500 · updated monthly

Medwatchers, Inc.401(k)

MEDWATCHERS, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Medwatchers, Inc. reported $4,424 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,005 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (7,987th of 9,483), and 9,482nd of 11,911 in health care & social assistance. In 2023, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,712,225
Participants with balances202
Active participants139
Employer contributions$278,702
Employee contributions$775,958
Employer contribution per active participant$2,005
Average account balance$13,427
Benefits paid to participants$112,649
Plan auditUnmodified (clean) audit opinion
AuditorMATRANGA & COMPANY
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,956
Investment management$1,468
Total administrative$4,424
The Medwatchers, Inc. 401(k) match · 2023
Employer contribution per active participant$2,005
Median for plans this size$1,308

Medwatchers, Inc.'s 2023 employer contribution ran above the $1,308 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.

Administrative cost history1
2023$4,424 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · California
Sass Mso LLC CA$2.7M · 0.10%
Sutter Vna and Hospice CA$2.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455218968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.