Medamerica, Inc. DBA Vituity 401(k) Review & Grade
Medamerica 401(k) Profit Sharing Plan for Employees of Vituity
Emeryville, CAHealth Care & Social Assistance5,914 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$18,061Employer $ per active participant
$12,347Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$262,596Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost10.9 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1598th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 43th |
| Employee saving | 98th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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, Inc. DBA Vituity put in about $18,061 per active participant, more than the typical peer ($800). 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.
- 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 | $106,812,823 |
| Participant (employee) contributions | $73,018,102 |
| Other contributions (incl. rollovers in) | $33,544,404 |
| Administrative expenses paid from the plan | $2,972,504 |
| Contract administrator fees | $772,977 |
| Benefits paid out | $112,076,128 |
| Net assets, start / end of year | $1.8B / $2.2B |
| Active participants, start / end of year | 5,429 / 6,399 |
| Participants with account balances | 8,222 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Schwab Retirement Services | $2,199,527 reported compensation |
| Medamerica Inc. DBA Vituity | $772,977 reported compensation |
| Charles Schwab & Co., Inc. | $5,187 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015191523NAL0011175346001, received 2025-10-15, EIN 94-2629764, plan #013, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.