Plan Snapshot
- Plan Sponsor: Medica Corporation
- Sponsor EIN: 042808621
- Sponsor Address: 5 OAK PARK DRIVE, BEDFORD, MA, 01730
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 214
- Total Assets: $39.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 214 | $39.0M | $0 | $0 |
| 2024 | 158 | $33.6M | $453,204 | $1.3M |
| 2023 | 137 | $29.6M | $500,198 | $1.3M |
| 2022 | 143 | $24.6M | $479,200 | $1.2M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Recordkeeper | $14,005 | — | $14,005 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,005
- Estimated Expense Ratio: 0.036% 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 | $2,906,566 | $1,807 | — | $17,443 | — |
| 2024 | $27,558 | $564 | — | $3,640 | — |
| 2023 | $7,592 | — | $7,592 | — | — |
| 2022 | $4,379 | — | $4,379 | — | — |