Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) Plan Facts (plan year 2019)

Plan name
MEDUIT, LLC 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MEDUIT. LLC ILK/A RECEIVABLES MANAGEMENT PARTNERS, LLC
Participants
371 (813 active employees)
Former employees with a balance
96
Plan assets
$21,332,356 at Dec 31, 2019
Average account balance
$37,360 across 571 accounts
Employer contributions
$656,562 in plan year 2019 (37% of all contributions)
Recordkeeper
Voya Retirement Insurance & Annuity
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2007
✓ Employer contributions— Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 13, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $1.80 million went into the plan in contributions, $656,562 of it from the employer (37%).
  • $1.34 million was paid out to participants.
  • Investment and other income added $2.16 million.
  • Administrative expenses were $12,433, about $22 per account.

How the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014326$4.02 million$252,545$325,873
2015388$4.64 million$322,062$307,730
2016486$6.04 million$410,872$174,784
2017460$8.17 million$495,324$388,807
2018481$7.25 million$450,160$1.59 million
2019371$21.3 million$656,562$1.34 million

Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) Contact Information

Phone
800-653-2851
Mailing address
4135 S STREAM BLVD #400, CHARLOTTE NC 28217
Plan sponsor
MEDUIT. LLC ILK/A RECEIVABLES MANAGEMENT PARTNERS, LLC
Employer identification number (EIN)
20-8952843
Plan number
001

Questions about the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k)

Is the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Meduit. Llc Ilk/a Receivables Management Partners, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $656,562, 37% of all contributions.

Does the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) plan?

371 participants at the start of plan year 2019, 813 of them active employees, and 96 former employees who still had money in the plan.

What is the average 401(k) balance at Meduit. Llc Ilk/a Receivables Management Partners, Llc?

About $37,360 per account: $21.3 million in plan assets across 571 accounts with a balance at the end of plan year 2019.

Who manages the Meduit. Llc Ilk/a Receivables Management Partners, Llc 401(k) accounts?

Voya Financial (listed on the filing as VOYA RETIREMENT INSURANCE & ANNUITY) is the plan's recordkeeper, which is where participants log in to see their balance.

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