Medical Depot, Inc. Drive Medical Design & Manufacturing 401(k) Review & Grade
Drive Devilbiss Healthcare 401(k) Plan
Port Washington, NYManufacturing862 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,782Employer $ per active participant
$6,307Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$77.6MNet plan assets, end of year
$83,332Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 54th |
| Employee saving | 67th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($34,420 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Medical Depot, Inc. Drive Medical Design & Manufacturing put in about $1,782 per active participant, below the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,535,679 |
| Participant (employee) contributions | $5,436,840 |
| Other contributions (incl. rollovers in) | $818,559 |
| Administrative expenses paid from the plan | $145,635 |
| Investment advisory & management fees | $70,221 |
| Benefits paid out | $4,813,835 |
| Net assets, start / end of year | $65.1M / $77.6M |
| Active participants, start / end of year | 860 / 864 |
| Participants with account balances | 931 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Trachtenberg & Paulker |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $75,414 reported compensation |
| Onedigital Investment Advisors LLC | $67,545 reported compensation |
| Resources Investment Advisors, LLC | $2,676 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912144748NAL0002765538001, received 2025-09-12, EIN 11-3525013, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.