Retirement plan

FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN

Name: NATIONAL MEDICAL CARE, INC. - FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN (2024) Form 5500
Creator: NATIONAL MEDICAL CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN, NATIONAL MEDICAL CARE, INC.

NATIONAL MEDICAL CARE, INC.dba FRESENIUS MEDICAL CARE NAEIN 04-2835488Plan #002PY 2024

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

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.

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How to read this page

Total assets (EOY)

$4370.7M

+10.1% from 2023

Total participants

71,611

-1.8% from 2023

Average account balance

$89,079

-77.4% from 2023

Annual return

13.02%

-1.10 pp from 2023

Benchmarks

See 275 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort275 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.37B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

49,065

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$354.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$53

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$2,522,905
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM SMITH + BROWN PC Service code 10 · EIN 22-2027092	Accounting	$116,480
NEW ENGLAND RETIREMENT CONSULTANTS10+ years Service code 16 · EIN 20-5322603	Consulting	$55,412
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 · EIN 11-3658445	Advisory (Plan)	$43,893
CARON & BLETZER, PLLC1 year Service code 10 · EIN 04-3499945	Accounting	$12,000

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

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,079

$73,283+21.6%

$155,509-42.7%

$106,382-16.3%

Participation rate

63.6%

73.3%-9.7pp

78.2%-14.6pp

69.9%-6.3pp

Annual return

13.02%

15.77%-2.7pp

64.67%-51.6pp

17.37%-4.3pp

Employer contribution / active EE

$1,310

$2,247-41.7%

$4,672-72.0%

$3,364-61.0%

Participant deferral / active EE

$4,412

$4,580-3.7%

$5,626-21.6%

$5,569-20.8%

Admin fee / account holder

$53

$56-4.8%

$15,912-99.7%

$79-32.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$2,522,905

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUM SMITH + BROWN PC

Service code 10 · EIN 22-2027092

Accounting

$116,480

NEW ENGLAND RETIREMENT CONSULTANTS10+ years

Service code 16 · EIN 20-5322603

Consulting

$55,412

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27 · EIN 11-3658445

Advisory (Plan)

$43,893

CARON & BLETZER, PLLC1 year

Service code 10 · EIN 04-3499945

Accounting

$12,000

FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESENIUS MEDICAL CARE NORTH AMERICA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion