401k Plan data: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING plan

MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 401k Plan overview

Plan Name	MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING
Plan identification number	001

MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MEDICAL BILLING EXPERTS, LLC has sponsored the creation of one or more 401k plans.

Company Name: MEDICAL BILLING EXPERTS, LLC

Employer identification number (EIN): 611737302

NAIC Classification: 541219
NAIC Description: Other Accounting Services

Additional information about MEDICAL BILLING EXPERTS, LLC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2005-04-19

Company Identification Number: L05000038146

Legal Registered Office Address: 250-180TH DRIVE

SUNNY ISLES

33160

More information about MEDICAL BILLING EXPERTS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01 ROSE DUNCAN
001 2016-01-01 ROSE DUNCAN 2017-08-18
001 2015-01-01 ESTHER JASCHINSKI 2016-10-13
001 2014-08-01 MARK JENSEN 2015-10-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2019-01-01
001	2018-01-01
001	2017-01-01	ROSE DUNCAN
001	2016-01-01	ROSE DUNCAN	2017-08-18
001	2015-01-01	ESTHER JASCHINSKI	2016-10-13
001	2014-08-01	MARK JENSEN	2015-10-01

Plan Statistics for MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING

401k plan membership statisitcs for MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING

Measure Date Value
2019: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2019 401k membership
Total participants, beginning-of-year 2019-01-01 112
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 0
Number of participants with account balances 2019-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 6
2018: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2018 401k membership
Total participants, beginning-of-year 2018-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 86
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 26
Total of all active and inactive participants 2018-01-01 112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 112
Number of participants with account balances 2018-01-01 102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 24
2017: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2017 401k membership
Total participants, beginning-of-year 2017-01-01 151
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 113
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 15
Total of all active and inactive participants 2017-01-01 128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 128
Number of participants with account balances 2017-01-01 107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 8

Measure	Date	Value
2019: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2019 401k membership
Total participants, beginning-of-year	2019-01-01	112
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	0
Number of participants with account balances	2019-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	6
2018: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2018 401k membership
Total participants, beginning-of-year	2018-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	86
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	26
Total of all active and inactive participants	2018-01-01	112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	112
Number of participants with account balances	2018-01-01	102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	24
2017: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2017 401k membership
Total participants, beginning-of-year	2017-01-01	151
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	113
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	15
Total of all active and inactive participants	2017-01-01	128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	128
Number of participants with account balances	2017-01-01	107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	8

Financial Data on MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING

Measure	Date	Value
2019 : MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets from this plan	2019-12-31	$3,065,379
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$995,561
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$645,683
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$631,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$459,294
Value of total assets at end of year	2019-12-31	$0
Value of total assets at beginning of year	2019-12-31	$2,715,501
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$13,816
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$137,665
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$137,665
Administrative expenses professional fees incurred	2019-12-31	$13,816
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$140,781
Total non interest bearing cash at end of year	2019-12-31	$0
Total non interest bearing cash at beginning of year	2019-12-31	$1,612
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$349,878
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,715,501
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,252,320
Value of interest in common/collective trusts at end of year	2019-12-31	$0
Value of interest in common/collective trusts at beginning of year	2019-12-31	$65,997
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$396,113
Net investment gain or loss from common/collective trusts	2019-12-31	$2,489
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$318,513
Employer contributions (assets) at end of year	2019-12-31	$0
Employer contributions (assets) at beginning of year	2019-12-31	$395,572
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$631,867
Did the plan have assets held for investment	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	WIPFLI LLP
Accountancy firm EIN	2019-12-31	390758449
2018 : MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$492,751
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$367,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$354,409
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$654,790
Value of total assets at end of year	2018-12-31	$2,715,501
Value of total assets at beginning of year	2018-12-31	$2,590,476
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$13,317
Total interest from all sources	2018-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$169,135
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$169,135
Administrative expenses professional fees incurred	2018-12-31	$13,317
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$142,068
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$160,443
Total non interest bearing cash at end of year	2018-12-31	$1,612
Total non interest bearing cash at beginning of year	2018-12-31	$1,948
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$125,025
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$2,715,501
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$2,590,476
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$2,252,320
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$2,049,299
Value of interest in common/collective trusts at end of year	2018-12-31	$65,997
Value of interest in common/collective trusts at beginning of year	2018-12-31	$62,239
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-331,814
Net investment gain or loss from common/collective trusts	2018-12-31	$640
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$352,279
Employer contributions (assets) at end of year	2018-12-31	$395,572
Employer contributions (assets) at beginning of year	2018-12-31	$476,990
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$354,409
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	WIPFLI LLP
Accountancy firm EIN	2018-12-31	390758449
2017 : MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$1,487,261
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$512,652
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$503,649
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$678,777
Value of total assets at end of year	2017-12-31	$2,590,476
Value of total assets at beginning of year	2017-12-31	$1,615,867
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$9,003
Total interest from all sources	2017-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$69,435
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$69,435
Administrative expenses professional fees incurred	2017-12-31	$9,003
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$146,478
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$55,309
Total non interest bearing cash at end of year	2017-12-31	$1,948
Total non interest bearing cash at beginning of year	2017-12-31	$955
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$974,609
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$2,590,476
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$1,615,867
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$2,049,299
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$1,471,416
Value of interest in common/collective trusts at end of year	2017-12-31	$62,239
Value of interest in common/collective trusts at beginning of year	2017-12-31	$143,496
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$738,404
Net investment gain or loss from common/collective trusts	2017-12-31	$645
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$476,990
Employer contributions (assets) at end of year	2017-12-31	$476,990
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$503,649
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	WIPFLI LLP
Accountancy firm EIN	2017-12-31	390758449

Form 5500 Responses for MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING

2019: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: MEDICAL BILLING EXPERTS, LLC 401(K) PROFIT SHARING 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MEDICAL BILLING EXPERTS, LLC
Employer identification number (EIN):	611737302
NAIC Classification:	541219
NAIC Description:	Other Accounting Services

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2005-04-19
Company Identification Number:	L05000038146
Legal Registered Office Address:	250-180TH DRIVE SUNNY ISLES 33160