Medamerica Health Systems Corporation 401(k) Review & Grade
Medamerica Health Systems Corporation 401(k) Savings and Investment Plan
Dayton, OHHealth Care & Social Assistance1,934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,188Employer $ per active participant
$7,557Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$168.9MNet plan assets, end of year
$69,971Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 76th |
| Employee saving | 94th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Medamerica Health Systems put in about $1,188 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,296,508 |
| Participant (employee) contributions | $14,612,297 |
| Other contributions (incl. rollovers in) | $1,752,761 |
| Administrative expenses paid from the plan | $141,031 |
| Contract administrator fees | $1,800 |
| Other admin expenses | $15,255 |
| Benefits paid out | $10,502,558 |
| Net assets, start / end of year | $141.8M / $168.9M |
| Active participants, start / end of year | 1,851 / 2,016 |
| Participants with account balances | 2,414 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark, Schaefer, Hackett & Co. |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $105,733 reported compensation |
| Mercer Investments LLC | $15,255 reported compensation |
| Clark Schaefer Hackett & Co | $14,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123411NAL0000598963001, received 2025-10-13, EIN 31-1040228, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.