401(K) Profit Sharing Plan For The Employees Of Welllife Network Inc. — Form 5500 plan (Welllife Network Inc.)
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, 401(K) Profit Sharing Plan For The Employees Of Welllife Network Inc. is a benefit plan reported by Welllife Network Inc. under EIN 11-2542430 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,837 participants and $31,938,770 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$37MPlan net assets, end of year$36,990,682
Participants2.8KCovered participants reported2,837
Assets / participant$13KComputed: assets ÷ participants$13,039 (computed)
Provider compensation$53K2 Schedule C provider row(s)$52,953
- Plan sponsor
- Welllife Network Inc.
- EIN
- 11-2542430
- Plan number
- 002
- Plan type
- 2
- Location
- Flushing, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,837 | H, C | 20241015140714NAL0058028818001 |
| 2023 | 2,988 | H, C | 20260513142044NAL0006870707001 |
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)$37M total assets
Net assets$37MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $36,990,682
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,990,682
- Net assets (BOY)
- $32,733,366
Income & contributions
- Employer contributions
- $538,256
- Participant contributions
- $1,941,930
- Total contributions
- $2,719,213
- Total income / additions
- $6,963,827
Expenses & distributions
- Benefits paid
- $2,680,877
- Administrative expenses
- $25,634
- Total expenses
- $2,706,511
- Net increase / (decrease)
- $4,257,316
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.
22%78%
Employer 22%Participant 78%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income38%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mutual Of America Investment Corp | INSURANCE CARRIER | $27,319 | $0 | 2023 |
| Mutual Of America Investment Corp | INSURANCE CARRIER | $25,634 | $0 | 2023 |