Medical Services of America, Inc. 401(k) Review & Grade
Medical Services of America, Inc. 401(k) Retirement Plan
Lexington, SCHealth Care & Social Assistance1,410 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$467Employer $ per active participant
$2,031Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$47.3MNet plan assets, end of year
$49,644Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 23th |
| Employee saving | 42th |
| Peers that auto-enroll | 36% |
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
- Medical Services of America put in about $467 per active participant, below the typical peer ($976). 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 (0.50% 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.
- 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 | $658,752 |
| Participant (employee) contributions | $2,862,191 |
| Other contributions (incl. rollovers in) | $432,906 |
| Administrative expenses paid from the plan | $226,437 |
| Investment advisory & management fees | $92,042 |
| Other admin expenses | $67,715 |
| Benefits paid out | $4,977,329 |
| Net assets, start / end of year | $43.1M / $47.3M |
| Active participants, start / end of year | 1,470 / 1,349 |
| Participants with account balances | 953 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Scott and Company, LLC |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $92,042 reported compensation |
| Cetera Investment Advisers LLC | $67,715 reported compensation |
| Empower Annuity Insurance Company O | $56,380 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003073747NAL0001122305001, received 2025-10-03, EIN 54-0950139, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.