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EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC.
Plan identification number 004

EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC. Benefits

401k Plan TypeDefined 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.
  • 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.
  • 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

MEMPHIS AREA LEGAL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEMPHIS AREA LEGAL SERVICES, INC.
Employer identification number (EIN):620841436
NAIC Classification:541190

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01GORTRIA BANKS2024-08-09
0042022-01-01CAROLYN MILLS2023-07-28
0042021-01-01CAROLYN MILLS2022-07-11
0042020-01-01LORETTA STUBBS2021-07-21
0042019-01-01LORETTA STUBBS2020-07-10
0042018-01-01JANESE PERRY2019-06-12
0042017-01-01HARRISON D. MCIVER, III2018-05-31 HARRISON D. MCIVER, III2018-05-31
0042017-01-01HARRISON D. MCIVER, III2018-05-25 HARRISON D. MCIVER, III2018-05-25
0042016-01-01HARRISON D. MCIVER, III2017-05-22
0042015-01-01HARRISON D. MCIVER, III2016-06-21
0042014-01-01HARRISON D. MCIVER, III2015-06-12
0042013-01-01HARRISON D. MCIVER, III2014-06-17
0042012-01-01HARRISON D. MCIVER, III2013-07-01 HARRISON D. MCIVER, III2013-07-01
0042011-01-01HARRISON D. MCIVER, III2012-07-02 HARRISON D. MCIVER, III2012-07-02
0042010-01-01HARRISON MCIVER2011-06-17 HARRISON MCIVER2011-06-17

Financial Data on EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC.

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC. 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-170
Total liabilities as of the end of the plan year2025-06-170
Total liabilities as of the beginning of the plan year2025-06-170
Total expenses incurred by plan in this plan year2025-06-1712301
Net assets as of the end of the plan year2025-06-171432776
Total assets as of the beginning of the plan year2025-06-171246917
Value of plan covered by a fidelity bond2025-06-17500000
Participant contributions to plan in this plan year2025-06-1741189
Value of participant loans at end of plan year2025-06-1726226
Other expenses paid from plan in this plan year2025-06-170
Other contributions to plan in this plan year2025-06-173270
Other income to plan in this plan year2025-06-17140980
Plan net income in this plan year2025-06-17185859
Net assets as of the end of the plan year2025-06-171432776
Net assets as of the beginning of the plan year2025-06-171246917
Employer contributions to plan in this plan year2025-06-1712721
Fees paid to broker by Benefit Provider2025-06-17238
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-17524
2024 : EMPLOYEE BENEFIT PLAN OF MEMPHIS AREA LEGAL SERVICES, INC. 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-090
Total liabilities as of the end of the plan year2024-08-090
Total liabilities as of the beginning of the plan year2024-08-090
Total expenses incurred by plan in this plan year2024-08-0960876
Net assets as of the end of the plan year2024-08-091246916
Total assets as of the beginning of the plan year2024-08-091086733
Value of plan covered by a fidelity bond2024-08-09500000
Participant contributions to plan in this plan year2024-08-0965798
Value of participant loans at end of plan year2024-08-0944217
Other expenses paid from plan in this plan year2024-08-090
Other contributions to plan in this plan year2024-08-090
Other income to plan in this plan year2024-08-09138090
Plan net income in this plan year2024-08-09160183
Net assets as of the end of the plan year2024-08-091246916
Net assets as of the beginning of the plan year2024-08-091086733
Employer contributions to plan in this plan year2024-08-0917171
Fees paid to broker by Benefit Provider2024-08-09168
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-09108

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