Overview

Plan Rating

BrightScope Rating
50
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (12)
Average in Peer Group (62)
Highest in Peer Group (90)

Plan Description

Meduit, LLC 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 50. Meduit, LLC 401k Retirement Plan currently has over 900 active participants and over $21.3M in plan assets.

Did you know?

For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (50) and the top rated plan (90) could equate to:
22
Additional years of work
165,320
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 4135 S Stream Blvd #400
  • Location
    Charlotte , NC
  • 28217
  • Industry
    Collection Agencies
  • Administrator
    Cecile Couch
  • Net Plan Assets
    $21,300,000
  • Total Participants
    910
  • Avg Account Balance
    $37,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Below Avg.
Account Balance:
Average

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Peer Group Plans

Company Rating
[24]/7 79.9
Continental Service Group, Inc. d/b/a ConServe 67.8
The CMI Group 65.1
USCB 58.7
I.C. System 58.0
Alltran Financial, L.P. 55.6

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

34

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Voya Government Money Market 40%
N/A
American Funds (Capital Group) Target Date Retirement 16%
N/A
American Funds EuroPacific Growth 9%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Voya Financial (ING)
Insurance Advisor/Broker
Kestra Advisory Services, LLC
Recordkeeper
Voya Financial (ING)
Auditor
Crowe Horwath LLP

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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