Medical Benefits Administrators 401(k) match, vesting and fees
What Medical Benefits Administrators' 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 | Park National Bank | Schedule C ↗ |
| Independent auditor | Wilson, Shannon, & Snow, Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Medical Benefits Administrators: employer contribution per participant | $2,972 | |
| Peer median | $2,868 |
| Medical Benefits Administrators: average balance | $152,817 | |
| Peer median | $95,281 |
| Medical Benefits Administrators: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.22% |
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 $21.4M at the end of plan year 2023 to $22.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 154 | $22.9M | $446K | $2,972 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 147 | $21.4M | $404K | $2,789 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Medical Benefits Administrators match 401(k) contributions?
The match terms for the Medical Benefits Administrators, Inc. Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $446K in employer contributions, about $2,972 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Medical Benefits Administrators 401(k) match vested?
The vesting schedule for the Medical Benefits Administrators, Inc. Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Medical Benefits Administrators 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Park National Bank. The plan administrator is Medical Benefits Administrators, Inc..
I left Medical Benefits Administrators. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Medical Benefits Administrators, Inc., (740) 522-7391) or the recordkeeper, Park National Bank. The Medical Benefits Administrators old 401(k) page lists the contacts from every plan filing. Find an old Medical Benefits Administrators 401(k)
Data from the public Form 5500 annual reports Medical Benefits Administrators filed with the U.S. Department of Labor (plan years 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 Medical Benefits Administrators. Not financial advice. Report a correction · Methodology