Medicus Select, LLC 401(k) Review & Grade
Medicus Select, LLC 401(k) Plan
Tallahassee, FLAdministrative, Support & Staffing Services809 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,270Employer $ per active participant
$860Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$15.4MNet plan assets, end of year
$28,099Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 46th |
| Employee saving | 29th |
| Peers that auto-enroll | 27% |
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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
- Medicus Select put in about $1,270 per active participant, more than the typical peer ($712). 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 | $1,027,737 |
| Participant (employee) contributions | $695,963 |
| Other contributions (incl. rollovers in) | $119,018 |
| Administrative expenses paid from the plan | $37,585 |
| Investment advisory & management fees | $2,106 |
| Benefits paid out | $1,667,680 |
| Net assets, start / end of year | $13.8M / $15.4M |
| Active participants, start / end of year | 852 / 766 |
| Participants with account balances | 547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $21,335 reported compensation |
| MSL, P.A. | $11,820 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104654NAL0002269523001, received 2025-10-15, EIN 45-2980304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.