Medco Enterprises, Inc. 401(k) Review & Grade
Medco Enterprises, Inc. & Affiliates Retirement Plan
Bronx, NYHealth Care & Social Assistance788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$516Employer $ per active participant
$860Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$9.8MNet plan assets, end of year
$14,148Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 67th |
| Employee saving | 19th |
| 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
- Medco Enterprises put in about $516 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $406,564 |
| Participant (employee) contributions | $677,809 |
| Other contributions (incl. rollovers in) | $17,251 |
| Administrative expenses paid from the plan | $11,733 |
| Contract administrator fees | $11,733 |
| Benefits paid out | $1,086,068 |
| Net assets, start / end of year | $8.3M / $9.8M |
| Active participants, start / end of year | 758 / 819 |
| Participants with account balances | 692 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | HMM & Co., LLP |
Largest service providers (Schedule C)
| Voya Retirement | $4,335 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009121942NAL0006564193001, received 2025-10-09, EIN 13-2838238, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.