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RAPID LEGAL, INC. 401 K PLAN 401k Plan overview

Plan NameRAPID LEGAL, INC. 401 K PLAN
Plan identification number 001

RAPID LEGAL, INC. 401 K 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

RAPID LEGAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:RAPID LEGAL, INC.
Employer identification number (EIN):954470545
NAIC Classification:541190

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RAPID LEGAL, INC. 401 K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROSE TOLLEY2024-07-15
0012022-01-01ROSE TOLLEY2023-08-14
0012021-01-01ROSE TOLLEY2022-07-14
0012020-01-01ROSE TOLLEY2021-07-26
0012019-01-01ROSE TOLLEY2020-07-16
0012018-01-01ROSE TOLLEY2019-10-03
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01DAVID NILL2014-09-22
0012012-01-01DAVID NILL2013-07-31
0012011-01-01DAVID NILL

Financial Data on RAPID LEGAL, INC. 401 K PLAN

Measure Date Value
2025 : RAPID LEGAL, INC. 401 K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0193393
Net assets as of the end of the plan year2025-07-012609795
Total assets as of the beginning of the plan year2025-07-011933412
Value of plan covered by a fidelity bond2025-07-01194000
Participant contributions to plan in this plan year2025-07-01348826
Value of participant loans at end of plan year2025-07-01110182
Other income to plan in this plan year2025-07-01230156
Plan net income in this plan year2025-07-01676383
Net assets as of the end of the plan year2025-07-012609795
Net assets as of the beginning of the plan year2025-07-011933412
Employer contributions to plan in this plan year2025-07-01190794
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-019084
2024 : RAPID LEGAL, INC. 401 K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-15183986
Net assets as of the end of the plan year2024-07-151933412
Total assets as of the beginning of the plan year2024-07-151340484
Value of plan covered by a fidelity bond2024-07-15135000
Participant contributions to plan in this plan year2024-07-15295320
Value of participant loans at end of plan year2024-07-15101139
Other contributions to plan in this plan year2024-07-1564059
Other income to plan in this plan year2024-07-15234784
Plan net income in this plan year2024-07-15592928
Net assets as of the end of the plan year2024-07-151933412
Net assets as of the beginning of the plan year2024-07-151340484
Employer contributions to plan in this plan year2024-07-15182751
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-157580
2022 : RAPID LEGAL, INC. 401 K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1459166
Net assets as of the end of the plan year2022-07-141136528
Total assets as of the beginning of the plan year2022-07-14870948
Value of plan covered by a fidelity bond2022-07-1488000
Participant contributions to plan in this plan year2022-07-14195525
Value of participant loans at end of plan year2022-07-1419010
Other income to plan in this plan year2022-07-14129221
Plan net income in this plan year2022-07-14265580
Net assets as of the end of the plan year2022-07-141136528
Net assets as of the beginning of the plan year2022-07-14870948
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-145629
2011 : RAPID LEGAL, INC. 401 K PLAN 2011 401k financial data
Total income from all sources2011-12-31$28,629
Expenses. Total of all expenses incurred2011-12-31$10,102
Benefits paid (including direct rollovers)2011-12-31$10,094
Total plan assets at end of year2011-12-31$95,957
Total plan assets at beginning of year2011-12-31$77,430
Total contributions received or receivable from participants2011-12-31$33,446
Other income received2011-12-31$-4,817
Net income (gross income less expenses)2011-12-31$18,527
Net plan assets at end of year (total assets less liabilities)2011-12-31$95,957
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$77,430
Assets. Value of participant loans2011-12-31$941
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$8
2010 : RAPID LEGAL, INC. 401 K PLAN 2010 401k financial data
Total income from all sources2010-12-31$77,430
Expenses. Total of all expenses incurred2010-12-31$0
Total plan assets at end of year2010-12-31$77,430
Total plan assets at beginning of year2010-12-31$0
Total contributions received or receivable from participants2010-12-31$31,802
Contributions received from other sources (not participants or employers)2010-12-31$40,749
Other income received2010-12-31$4,879
Net income (gross income less expenses)2010-12-31$77,430
Net plan assets at end of year (total assets less liabilities)2010-12-31$77,430
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$0

Form 5500 Responses for RAPID LEGAL, INC. 401 K PLAN

2011: RAPID LEGAL, INC. 401 K PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-821395
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-821395
Policy instance 1

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