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Retirement plan

FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN

NATIONAL MEDICAL CARE, INC.dba FRESENIUS MEDICAL CARE NAEIN 04-2835488Plan #002PY 2024
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920 WINTER STREET - WALTHAM, MA 02451781-699-9000LinkedIn1-10 employeeslegal services
Other plans on this EIN
1 filing
#001Retirement-$326.6M assets
Prospect flagsLow participationFailed to transmit contributionsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(781) 699-9000
Plan administrator signer
KRISTIE SHUGART
Signed 10/07/2025
How to read this page

Summary metrics

Total assets (EOY)
$4370.7M
-11.4% from 2016
Total participants
71,611
-7.2% from 2016
Average account balance
$89,079
-9.5% from 2016
Annual return
13.02%
-9.83 pp from 2016

Benchmarks

See 275 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
Participant deferral / active EE
$4,412
median $4,708
Employer contribution / active EE
$1,310
median $2,014
Participation rate
63.6%
median 86.4%
Avg account balance
$89,079
median $64,875
Admin fee / account holder
$53
median $50
Annual return
13.02%
median 14.66%
Overall peer rank
40th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.37B
Average account balance
Total assets / participants with a balance (line 6g)
$89K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
49,065
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
63.6%
Contributions (total)
Employer and participant dollars contributed each year
$354.10M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.02%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$53
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years
Service code 37 · EIN 04-2647786
Loan Processing
$2,522,905
WITHUM SMITH + BROWN PC1 year
Service code 10 · EIN 22-2027092
Accounting
$116,480
NEW ENGLAND RETIREMENT CONSULTANTS10+ years
Service code 16 · EIN 20-5322603
Consulting
$55,412
MORGAN STANLEY1 year
Service code 27 · EIN 11-3658445
Advisory (Plan)
$43,893
CARON & BLETZER, PLLC1 year
Service code 10 · EIN 04-3499945
Accounting
$12,000

Top hat statement on fileNQDC

Filed February 10, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2J2K2R2T3H2E
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$2.6M
$42 / participant
  • Recordkeeping$1M45.5%
  • Investment mgmt$694K26.5%
  • Other / not subdivided$733K28.0%
% of EOY assets
0.060%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WITHUMSMITH & BROWN, PC
Auditor EIN
222027092
Audit fees
$128,480
Opinion code
Unqualified