True North Medical Group 401(k) match, vesting and fees
What True North Medical Group's 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 | Paychex, Inc. | Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| True North Medical Group: employer contribution per participant | $1,037 | |
| Peer median | $2,521 |
| True North Medical Group: average balance | $36,814 | |
| Peer median | $75,833 |
| True North Medical Group: admin expenses ÷ assets | 0.89% | |
| Peer median | 0.27% |
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 $172K at the end of plan year 2021 to $8.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 233 | $8.2M | $230K | $1,037 | 0.89% | Not published | Form 5500 ↗ |
| 2023 | 194 | $7M | $132K | $688 | 0.38% | Not published | 5500-SF ↗ |
| 2022 | 112 | $1.3M | $0 | $0 | 0.83% | Not published | 5500-SF ↗ |
| 2021 | 34 | $172K | $0 | $0 | 0.94% | Not published | 5500-SF ↗ |
Common questions
Does True North Medical Group match 401(k) contributions?
The match terms for the True North Medical Group LLC 401(k) Profit Sharing Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $230K in employer contributions, about $1,037 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the True North Medical Group 401(k) match vested?
The vesting schedule for the True North Medical Group LLC 401(k) Profit Sharing Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the True North Medical Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Paychex, Inc.. The plan administrator is True North Medical Group LLC.
I left True North Medical Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (True North Medical Group LLC, (215) 672-8015) or the recordkeeper, Paychex, Inc.. The True North Medical Group old 401(k) page lists the contacts from every plan filing. Find an old True North Medical Group 401(k)
Data from the public Form 5500 annual reports True North Medical Group 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 True North Medical Group. Not financial advice. Report a correction · Methodology