Plan Ledger DOL Form 5500 · updated monthly

National Medical Care, Inc.401(k)

FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

National Medical Care, Inc. reported $2,619,673 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $1,310 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 0.11% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 10th-largest of 2,726 plans among Massachusetts employers on file, and the 30th of 11,911 in health care & social assistance. In 2024, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,369,018,873
Participants with balances49,065
Active participants61,883
Employer contributions$81,075,294
Employee contributions$273,027,902
Employer contribution per active participant$1,310
Average account balance$89,046
Benefits paid to participants$468,882,134
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.4B · 49,065 accts · $81.1M emplr
2023$4.0B · 10,070 accts · $77.5M emplr
2022$3.5B · 580 accts · $80.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,192,775
Investment management$693,533
Audit (IQPA)$128,480
Total administrative$2,619,673
The National Medical Care, Inc. 401(k) match · 2024
Employer contribution per active participant$1,310
Median for plans this size$5,259
2024$1,310 per active participant
2023$1,226 per active participant
2022$1,276 per active participant

National Medical Care, Inc.'s 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,522,905
WITHUM SMITH + BROWN PC · Accounting / audit$116,480
NEW ENGLAND RETIREMENT CONSULTANTS · Consulting$55,412
MORGAN STANLEY · Investment advisory (plan)$43,893
CARON & BLETZER, PLLC · Accounting / audit$12,000

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$2,619,673 · 0.06%
2023$2,573,569 · 0.07%
2022$4,155,035 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
St.Joseph Health System WA$4.5B · 0.06%
Davita Inc. CO$4.5B · 0.19%
Montefiore Medical Center NY$4.3B · 0.00%
Sentara Healthcare VA$3.7B · 0.05%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 042835488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.