Plan Ledger DOL Form 5500 · updated monthly

Vituity401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA, INC. · EMERYVILLE, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Vituity reported $2,972,504 in plan administrative expenses for 2024: 0.15% of average plan assets, higher than ~90% of peers. Employer contributions averaged $16,692 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 0.26% to 0.15%. 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 67th-largest of 9,483 plans among California employers on file, and the 82nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.46 for every $1.00 employees contributed themselves; active participation has grown from 4,421 to 6,399 since 2022.

Plan summary
Net assets, end of year$2,159,063,833
Participants with balances8,222
Active participants6,399
Employer contributions$106,812,823
Employee contributions$73,018,102
Employer contribution per active participant$16,692
Average account balance$262,596
Benefits paid to participants$112,076,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 8,222 accts · $106.8M emplr
2023$1.8B · 7,006 accts · $85.0M emplr
2022$1.4B · 6,232 accts · $76.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,895,615
Trustee / custodial$76,889
Total administrative$2,972,504
The Vituity 401(k) match · 2024
Employer contribution per active participant$16,692
Median for plans this size$5,259
2024$16,692 per active participant
2023$17,044 per active participant
2022$17,269 per active participant

Vituity's 2024 employer contribution ran above the $5,259 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 · 20243
SCHWAB RETIREMENT SERVICES · Recordkeeping · Trustee$2,199,527
MEDAMERICA INC. DBA VITUITY · Plan administrator$772,977
CHARLES SCHWAB & CO., INC. · Securities brokerage$5,187

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$2,972,504 · 0.15%
2023$3,916,372 · 0.25%
2022$3,773,547 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · California
Sutter Health CA$7.6B · 0.03%
Stanford Health Care CA$6.9B · 0.03%
Molina Healthcare, Inc. CA$1.4B · 0.08%
Memorial Health Services CA$1.4B · 0.08%
Sharp Healthcare CA$1.4B · 0.09%
John Muir Health CA$1.4B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942629764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.