Medtec retirement plan: assets, participants and fees
What Medtec's retirement plan 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 | The Vanguard Group, Inc. | Schedule C ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Medtec: employer contribution per participant | $2,522 | |
| Peer median | $1,468 |
| Medtec: average balance | $85,831 | |
| Peer median | $37,786 |
| Medtec: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.39% |
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 $11.3M at the end of plan year 2022 to $30.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 360 | $30.5M | $895K | $2,522 | 0.23% | Not published | Form 5500 ↗ |
| 2023 | 364 | $25.7M | $659K | $1,845 | 0.31% | Not published | Form 5500 ↗ |
| 2022 | 149 | $11.3M | $364K | $3,249 | 0.31% | Not published | Form 5500 ↗ |
Common questions
Does Medtec match 401(k) contributions?
The match terms for the Medtec LLC 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $895K in employer contributions, about $2,522 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Medtec 401(k) match vested?
The vesting schedule for the Medtec LLC 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Medtec 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Medtec LLC.
I left Medtec. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Medtec LLC, (319) 248-6667) or the recordkeeper, The Vanguard Group, Inc.. The Medtec old 401(k) page lists the contacts from every plan filing. Find an old Medtec 401(k)
Data from the public Form 5500 annual reports Medtec filed with the U.S. Department of Labor (plan years 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 Medtec. Not financial advice. Report a correction · Methodology