Plan Ledger DOL Form 5500 · updated monthly

Preferred Medical Marketing Corporation401(k)

PREFERRED MEDICAL MARKETING CORPORATION 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Preferred Medical Marketing Corporation reported $6,732 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,218 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 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 860th-largest of 2,005 plans among North Carolina employers on file, and 6,467th of 11,654 in professional & technical services. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,450,209
Participants with balances181
Active participants145
Employer contributions$756,664
Employee contributions$1,019,081
Employer contribution per active participant$5,218
Average account balance$85,360
Benefits paid to participants$1,321,830
Plan auditUnmodified (clean) audit opinion
AuditorGREER WALKER LLP
Plan history2
Yearassets · accounts · employer contribution
2024$15.5M · 181 accts · $757K emplr
2023$13.1M · 178 accts · $659K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,475
Investment management$5,257
Total administrative$6,732
The Preferred Medical Marketing Corporation 401(k) match · 2024
Employer contribution per active participant$5,218
Median for plans this size$2,416
2024$5,218 per active participant
2023$4,576 per active participant

Preferred Medical Marketing Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,257
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,475

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

Administrative cost history2
2024$6,732 · 0.05%
2023$11,586 · 0.10%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 561544376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.