Plan Ledger DOL Form 5500 · updated monthly

Monroe Medi-Trans, Inc.401(k)

MONROE MEDI-TRANS, INC. EMPLOYEE 401(K) PLAN · ROCHESTER, NY · plan year 2023

Reported admin expense ratio · 2023
1.91%

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

Monroe Medi-Trans, Inc. reported $56,875 in plan administrative expenses for 2023: 1.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $380 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 0.96% to 1.55%. 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 New York (4,848th of 5,648), and 9,104th of 11,911 in health care & social assistance. In 2023, employees put in $4.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,208,778
Participants with balances204
Active participants197
Employer contributions$74,958
Employee contributions$342,443
Employer contribution per active participant$380
Average account balance$15,729
Benefits paid to participants$518,841
Plan auditUnmodified (clean) audit opinion
AuditorINSERO & CO., CPA'S, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 190 accts · $89K emplr
2023$3.2M · 204 accts · $75K emplr
2022$2.8M · 193 accts · $45K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,977
Investment management$13,398
Audit (IQPA)$25,500
Total administrative$56,875
The Monroe Medi-Trans, Inc. 401(k) match · 2023
Employer contribution per active participant$380
Median for plans this size$1,308
2024$531 per active participant
2023$380 per active participant
2022$223 per active participant

Monroe Medi-Trans, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$17,977
INSERO & CO., CPA'S, LLP · Accounting / audit$25,500
ARMBRUSTER CAPITAL MANAGEMENT, INC. · Investment advisory (participants) · Investment advisory (plan)$13,398

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$49,313 · 1.55%
2023$56,875 · 1.91%
2022$28,916 · 0.96%
Same employer
Similar plansHealth Care & Social Assistance · New York
Rupco, Inc. NY$3.2M · 0.06%
Palladia, Inc. NY$3.2M · 0.35%
Independent Living, Inc. NY$3.2M · 0.91%
Sinergia, Inc. NY$3.2M · 2.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161043764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.