2023 Form 5500 filing — Kayal Medical Group LLC 401(K) Profit Sharing Plan & Trust
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 20250124112244NAL0012882720001) for Kayal Medical Group LLC 401(K) Profit Sharing Plan & Trust, reported by Kayal Medical Group LLC under EIN 87-4143819 and plan number 001. It reports 218 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250124112244NAL0012882720001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Kayal Medical Group LLC
- EIN
- 87-4143819
- Plan number
- 001
- Location
- Franklin Lakes, NJ
- Participants
- 218
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,507,606
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,507,606
- Employer contributions
- $367,926
- Participant contributions
- $718,600
- Total income / additions
- $2,749,759
- Benefits paid
- $368,756
- Administrative expenses
- $42,082
- Total expenses
- $410,838
- Net increase / (decrease)
- $2,338,921
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Levelized Compensation Advisor | INVESTMENT ADVISORY | $26,632 | not reported in the loaded dataset |
| Paychex, Inc. | RECORDKEEPER | $15,450 | not reported in the loaded dataset |