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MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN
Plan identification number 001

MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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 LEGAL EVALUATIONS, INC. DBA MEDICAL LEGAL EXPERTS has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL LEGAL EVALUATIONS, INC. DBA MEDICAL LEGAL EXPERTS
Employer identification number (EIN):901116099
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ALVIN LEE2023-06-30
0012021-01-01ALVIN LEE2022-07-19
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01

Plan Statistics for MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0124
Total number of active participants reported on line 7a of the Form 55002022-01-013
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0114
Total of all active and inactive participants2022-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0117
Number of participants with account balances2022-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0118
Total number of active participants reported on line 7a of the Form 55002021-01-0110
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0114
Total of all active and inactive participants2021-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0124
Number of participants with account balances2021-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012

Financial Data on MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$31,948
Expenses. Total of all expenses incurred2022-12-31$11,259
Benefits paid (including direct rollovers)2022-12-31$8,878
Total plan assets at end of year2022-12-31$1,053,957
Total plan assets at beginning of year2022-12-31$1,033,268
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$3,944
Other income received2022-12-31$28,004
Net income (gross income less expenses)2022-12-31$20,689
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,053,957
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,033,268
Assets. Value of participant loans2022-12-31$7,220
Assets. Value of real-estate (other than employer real property)2022-12-31$638,100
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$2,381
2021 : MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$207,060
Expenses. Total of all expenses incurred2021-12-31$8,125
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$1,033,268
Total plan assets at beginning of year2021-12-31$834,333
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$5,235
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$201,825
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$198,935
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,033,268
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$834,333
Assets. Value of participant loans2021-12-31$8,204
Assets. Value of real-estate (other than employer real property)2021-12-31$563,900
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$8,125
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN

2022: MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MEDICAL LEGAL EXPERTS 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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