Medisys Venture, Inc. 401(k) Plan: Login, Facts & Contact Information

Medisys Venture, Inc. 401(k) Plan Facts

Plan name
MEDISYS VENTURE 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
MEDISYS VENTURE, INC.
Participants
1,351 (774 active employees)
Former employees with a balance
502
Plan assets
$147,299,558 at Dec 31, 2024
Average account balance
$123,057 across 1,197 accounts
Employer contributions
$2,104,481 in plan year 2024 (27% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2004
— Employer contributions— Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.85 million went into the plan in contributions, $2.10 million of it from the employer (27%).
  • $10.5 million was paid out to participants.
  • Investment and other income added $21.2 million.
  • Administrative expenses were $331,528, about $277 per account.

How the Medisys Venture, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,142$96.1 million$1.49 million$5.92 million
20201,101$114.3 million$1.60 million$5.25 million
20211,276$133.4 million$1.68 million$4.80 million
20221,289$111.6 million$1.76 million$5.41 million
20231,362$129.1 million$1.98 million$10.1 million
20241,351$147.3 million$2.10 million$10.5 million

Medisys Venture, Inc. 401(k) Contact Information

Phone
718-206-6291
Mailing address
8900 VAN WYCK EXPRESSWAY, JAMAICA NY 11418
Plan sponsor
MEDISYS VENTURE, INC.
Employer identification number (EIN)
11-3431792
Plan number
001

Questions about the Medisys Venture, Inc. 401(k)

Does Medisys Venture, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $2.10 million in employer contributions for plan year 2024.

Does the Medisys Venture, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Medisys Venture, Inc 401(k) plan?

1,351 participants at the start of plan year 2024, 774 of them active employees, and 502 former employees who still had money in the plan.

What is the average 401(k) balance at Medisys Venture, Inc?

About $123,057 per account: $147.3 million in plan assets across 1,197 accounts with a balance at the end of plan year 2024.

Who manages the Medisys Venture, Inc 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Medisys Venture, Inc. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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