Plan Snapshot
- Plan Sponsor: The Medical Team, INC.
- Sponsor EIN: 541087014
- Sponsor Address: 1902 CAMPUS COMMONS DR., STE. 650,, RESTON, VA, 20191
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $107 | $565 |
| 2023 | 2,475 | $6.8M | $180,069 | $757,286 |
| 2022 | 2,511 | $6.1M | $190,883 | $725,604 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRAGER METIS CPAS LLC | Auditor | $5,900 | — | $5,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,900
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | $68,527 | — | $62,627 | $5,900 | — |
| 2022 | $99,456 | — | $70,460 | — | $28,996 |