2023 Form 5500 filing — The Medical Team, Inc. Employee Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241011103859NAL0036682224001) for The Medical Team, Inc. Employee Benefit Plan, reported by The Medical Team, Inc. under EIN 54-1087014 and plan number 003. It reports 2,540 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011103859NAL0036682224001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Medical Team, Inc.
- EIN
- 54-1087014
- Plan number
- 003
- Location
- Reston, VA
- Participants
- 2,540
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,842,191
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,842,191
- Employer contributions
- $180,069
- Participant contributions
- $757,286
- Total income / additions
- $1,946,065
- Benefits paid
- $1,103,969
- Administrative expenses
- $68,527
- Total expenses
- $1,173,402
- Net increase / (decrease)
- $772,663
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $57,467 | $0 |
| Lpl Financial Corp | OTHER SERVICES | $0 | $11,423 |
| Orenda Retirement LLC | CONTRACT ADMINISTRATOR | $5,160 | $5,426 |
| Pragermetis Cpa LLC | ACCOUNTANT | $5,900 | not reported in the loaded dataset |