2023 Form 5500 filing — Life Benefit Plan Member 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240904140924NAL0020294785001) for Life Benefit Plan Member 401(K) Plan, reported by Life Benefit Plan under EIN 11-1708617 and plan number 001. It reports 384 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 1 · 2023
Filing snapshot
Net assets (EOY)$3MReported net assets$2,975,024
Participants384
Provider compensation$44.4K2 Schedule C row(s)$44,352
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240904140924NAL0020294785001
- Plan sponsor
- Life Benefit Plan
- EIN
- 11-1708617
- Plan number
- 001
- Location
- Brooklyn, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$3M total assets
Net assets$3MLiabilities$12.7K
Full reported line items
- Total assets (EOY)
- $2,987,717
- Total liabilities (EOY)
- $12,693
- Net assets (EOY)
- $2,975,024
- Employer contributions
- $186,453
- Participant contributions
- $429,222
- Total income / additions
- $952,757
- Benefits paid
- $402,692
- Administrative expenses
- $62,351
- Total expenses
- $465,043
- Net increase / (decrease)
- $487,714
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sentinel Benefits Group LLC | NONE | $38,727 | not reported in the loaded dataset |
| Millennium Investment Advisors | NONE | $5,625 | not reported in the loaded dataset |