Plan Snapshot
- Plan Sponsor: Med Excel Usa, INC.
- Sponsor EIN: 061324681
- Sponsor Address: 484 TEMPLE HILL ROAD, NEW WINDSOR, NY, 12553
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 341 | $10.5M | $0 | $441,139 |
| 2023 | 340 | $11.1M | $0 | $573,106 |
| 2022 | 395 | $9.8M | $0 | $462,216 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CADARET GRANT | BROKER/DEALER | — | $25,241 | $25,241 |
| ASCENSUS | TPA | — | $5,296 | $5,296 |
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,537
- Estimated Expense Ratio: 0.290% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,480 | — | $50,480 | — | — |
| 2023 | $40,897 | — | $40,897 | — | — |
| 2022 | $50,706 | — | — | — | $50,706 |