Med-Metrix LLC 401(k) Review & Grade
Med-Metrix 401k Plan
Parsippany, NJProfessional, Scientific & Technical Services2,066 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,712Employer $ per active participant
$3,185Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$74.9MNet plan assets, end of year
$34,070Average balance per account
Score breakdown
- Employer generosity15.1 / 5030th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 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 | 30th |
| Lower admin cost | 16th |
| Employee saving | 16th |
| Peers that auto-enroll | 48% |
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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
- Med-Metrix put in about $1,712 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.
- Direct plan expenses (0.62% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,535,538 |
| Participant (employee) contributions | $6,579,324 |
| Other contributions (incl. rollovers in) | $3,741,161 |
| Administrative expenses paid from the plan | $332,975 |
| Contract administrator fees | $332,975 |
| Benefits paid out | $4,413,056 |
| Net assets, start / end of year | $32.6M / $74.9M |
| Active participants, start / end of year | 2,043 / 2,088 |
| Participants with account balances | 2,197 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grassi & Co., Cpas, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $332,974 reported compensation |
| Osaic Wealth Inc | $92,299 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014110347NAL0002590865001, received 2025-10-14, EIN 27-3479401, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.