Medica Services 401(k) match, vesting and fees
What Medica Services' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Rsm US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Medica Services: employer contribution per participant | $5,145 | |
| Peer median | $2,966 |
| Medica Services: average balance | $146,150 | |
| Peer median | $104,792 |
| Medica Services: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $377M at the end of plan year 2021 to $455M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,129 | $455M | $16M | $5,145 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 3,428 | $412M | $13.6M | $4,010 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 3,353 | $312M | $10.5M | $4,276 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 2,649 | $377M | $13.2M | $5,127 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does Medica Services match 401(k) contributions?
The match terms for the Medica 401(k) Matched Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $16M in employer contributions, about $5,145 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Medica Services 401(k) match vested?
The vesting schedule for the Medica 401(k) Matched Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Medica Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock. The plan administrator is Personnel and Compensation Committee.
I left Medica Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Personnel and Compensation Committee, (952) 992-3888) or the recordkeeper, John Hancock. The Medica Services old 401(k) page lists the contacts from every plan filing. Find an old Medica Services 401(k)
Data from the public Form 5500 annual reports Medica Services filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Medica Services. Not financial advice. Report a correction · Methodology