Plan Snapshot
- Plan Sponsor: Medely, INC.
- Sponsor EIN: 474369070
- Sponsor Address: 2261 MARKET ST. #78388, SAN FRANCISCO, CA, 941140612
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 283
- Total Assets: $9.6M
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. |
|---|---|---|---|---|
| 2025 | 283 | $9.6M | $0 | $0 |
| 2024 | 195 | $8.0M | $420,510 | $1.7M |
| 2023 | 396 | $6.2M | $526,860 | $2.1M |
| 2022 | 691 | $2.4M | $215,560 | $893,388 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $50,494 | — | $50,494 |
| WORLD INVESTMENT ADVISORS LLC | Investment Advisor | $6,063 | — | $6,063 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,557
- Estimated Expense Ratio: 0.587% 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 |
|---|---|---|---|---|---|
| 2025 | $2,094,575 | $6,892 | — | — | — |
| 2024 | $80,914 | $5,101 | — | $14,000 | — |
| 2023 | $34,087 | — | — | — | — |
| 2022 | $6,419 | — | $6,419 | — | — |