Department of Labor filing

MEDALLION FINANCIAL CORP.

MEDALLION FINANCIAL CORP. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 19, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

41filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,477

Reported employer contributions per active participant.

Higher than about 55% of comparable plans

#People in the filing

166

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$421 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 9% of comparable plans

↗Investment performance

Not available

Plan assets changed 21.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202441out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions55th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense9th percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MEDALLION FINANCIAL CORP. reported $577,214 in employer contributions across the plan and 166 active participants. That works out to $3,477 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 55.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 22.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context41/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $577,214
Participant contributions: $1,447,176
Other contributions: $138,859
Employer share of reported contributions: 28.5%
Beginning assets: $19,857,747
Ending assets: $24,153,054
Ending net assets: $24,153,054
Ending liabilities: $0
Total income: $5,341,551
Total expenses: $1,046,244
Administrative expenses: $105,334
Participant loans: $226,826

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,236

2023

$3,215

2024

$3,477

Plan-paid administrative expenses per participant

2022

$544

2023

$344

2024

$421

Active participants

2022

149

2023

165

2024

166

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,477	166	24.2M	20250919160538NAL0003287731001
2023	$3,215	165	19.9M	20241004142027NAL0005762739001
2022	$2,236	149	16.2M	20231016122404NAL0025529731001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 112523716-022

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Apr 1, 1984
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T2S

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRUDENTIAL RETIREMENT INSURANCE	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20250919160538NAL0003287731001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗