# The Medical Team, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-medical-team-inc-401k-plan

> The Medical Team, INC.'s 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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|

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