Medical Knowledge Group LLC 401(k) Review & Grade
Medical Knowledge Group 401(k) Plan
New York, NYProfessional, Scientific & Technical Services612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,494Employer $ per active participant
$8,543Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$60.2MNet plan assets, end of year
$88,488Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 46th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,968 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Medical Knowledge Group put in about $2,494 per active participant, below the typical peer ($3,082). 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 | $1,524,826 |
| Participant (employee) contributions | $5,224,113 |
| Other contributions (incl. rollovers in) | $684,858 |
| Administrative expenses paid from the plan | $145,264 |
| Contract administrator fees | $145,264 |
| Benefits paid out | $5,796,232 |
| Net assets, start / end of year | $50.9M / $60.2M |
| Active participants, start / end of year | 607 / 616 |
| Participants with account balances | 680 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $145,263 reported compensation |
| Ubs Financial Services Inc | $61,391 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010141240NAL0004691107001, received 2025-10-10, EIN 20-1200849, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.