Quick Med Claims, LLC 401(K) Profit Sharing Plan — Form 5500 plan (Quick Med Claims, LLC)

Plain-English plan 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, Quick Med Claims, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Quick Med Claims, LLC under EIN 47-2662918 and plan number 001. The latest loaded filing year is 2023. The filing reports 403 participants and $9,649,145 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.6MPlan net assets, end of year$9,649,145
Participants403Covered participants reported
Assets / participant$23.9KComputed: assets ÷ participants$23,943 (computed)
Provider compensation$80.9K5 Schedule C provider row(s)$80,901
Plan sponsor
Quick Med Claims, LLC
EIN
47-2662918
Plan number
001
Plan type
2
Location
Pittsburgh, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023403H, C20240930141924NAL0002675555001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$9.6M total assets
Net assets$9.6MLiabilities
Money in vs. money out
Total income / additions$2.6M
Total expenses$1.1M
Benefits paid / distributions$973.7K
Contributions
Employer$355.6K
Participant$707.8K
Full reported line items

Net assets

Total assets (EOY)
$9,649,145
Net assets (EOY)
$9,649,145
Net assets (BOY)
$8,137,998

Income & contributions

Employer contributions
$355,577
Participant contributions
$707,777
Total contributions
$1,118,123
Total income / additions
$2,599,601

Expenses & distributions

Benefits paid
$973,695
Administrative expenses
$112,259
Total expenses
$1,088,454
Net increase / (decrease)
$1,511,147
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 33%Participant 67%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income37%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Definiti LLCCONTRACT ADMIN$27,406$02023
Global Retirement Partners LLCINVESTMENT ADVISOR$25,398$02023
Empower Annuity Insurance CompanyRECORDKEEPER$15,776$02023
Ruzomberka Holland Renk Smith IncAUDITOR$9,969$02023
Empower Advisory Group, LLCINVESTMENT MGMT$2,352$02023

Related Form 5500 pages