Medpro Group 401(k) Review & Grade
Medpro Group 401(k) & Profit Sharing Plan
Fort Wayne, INFinance & Insurance1,286 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,527Employer $ per active participant
$9,967Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$369.4MNet plan assets, end of year
$233,517Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 86th |
| Employee saving | 75th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,973 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Medpro Group put in about $10,527 per active participant, more than the typical peer ($3,606). 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 | $13,531,867 |
| Participant (employee) contributions | $12,813,219 |
| Other contributions (incl. rollovers in) | $2,614,585 |
| Administrative expenses paid from the plan | $185,832 |
| Contract administrator fees | $20,236 |
| Investment advisory & management fees | $77,489 |
| Benefits paid out | $20,385,809 |
| Net assets, start / end of year | $309.4M / $369.4M |
| Active participants, start / end of year | 1,295 / 1,276 |
| Participants with account balances | 1,582 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baden, Gage and Schroeder, LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $77,489 reported compensation |
| Fidelity Investments Institutional | −$147,764 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924151937NAL0009389971001, received 2025-09-24, EIN 35-1620927, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.