401(k) ยท DOL Form 5500 ยท 2023

Medly Health Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

N/A
Total assets
85
Participants

Sponsored by Marg Pharmacy Inc. ยท Delaware ยท Retail Trade

What the 2023 filing shows

Medly Health Inc. 401(k) Plan holds N/A for 85 participants.

N/A
total plan assets (2023 EOY)
85
covered participants
$-8,223,284
reported net income

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
N/A
Participants
85
State
Industry
Retail Trade

What the Filing Says About Medly Health Inc. 401(k) Plan

Medly Health Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Marg Pharmacy Inc., headquartered in Delaware. As of the 2023 Form 5500 filing, the plan reports N/A in total end-of-year assets and covers 85 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 223315838, and the plan has been effective since 2019-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2023 to N/A at year-end. Net assets (after liabilities) closed the year at N/A, with reported net income of $-8,223,284 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)N/A
Net Assets (End of Year)N/A
Net Income$-8,223,284
Plan Type401(k)
Employer EIN223315838
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Marg Pharmacy Inc.)

Year Plans Participants Total Assets
2022 1 1,265 $8M
2023 1 85 N/A

Nearby 401(k) Plans in Delaware

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Medly Health Inc. 401(k) Plan?
As of the 2023 Form 5500 filing, Medly Health Inc. 401(k) Plan holds N/A in total assets with 85 participants. It is sponsored by Marg Pharmacy Inc..
What type of plan is Medly Health Inc. 401(k) Plan?
Medly Health Inc. 401(k) Plan is a 401(k) plan. It has been effective since 2019-01-01. The plan is filed with the U.S. Department of Labor under EIN 223315838.
Who sponsors the Medly Health Inc. 401(k) Plan?
Medly Health Inc. 401(k) Plan is sponsored by Marg Pharmacy Inc., located in Delaware. The sponsor's EIN is 223315838 and the plan operates in the Retail Trade industry.
How did Medly Health Inc. 401(k) Plan perform in 2023?
Medly Health Inc. 401(k) Plan held N/A in total assets at the end of 2023. Net income was $-8,223,284.
Where can I find official filings for Medly Health Inc. 401(k) Plan?
Official Form 5500 filings for Medly Health Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 223315838 or plan name at efast.dol.gov.
How does Medly Health Inc. 401(k) Plan compare to other plans?
You can compare Medly Health Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Delaware on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223315838.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.