New York Life Insurance Company Agents Progress- Sharing Investment Plan — Form 5500 plan (New York Life Insurance Company)

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, New York Life Insurance Company Agents Progress- Sharing Investment Plan is a benefit plan reported by New York Life Insurance Company under EIN 13-5582869 and plan number 006. The latest loaded filing year is 2023. The filing reports 14,615 participants and $1,054,339,078 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
New York Life Insurance Company
EIN
13-5582869
Plan number
006
Plan type
2
Location
New York, NY
Latest filing year
2023
Participants
14,615
End-of-year plan assets
$1,054,339,078

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202314,615H, C20241010141246NAL0021187841001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$1,054,339,078
Total liabilities (EOY)
$0
Net assets (EOY)
$1,054,339,078
Net assets (BOY)
$930,000,606

Income & contributions

Employer contributions
$1,935,928
Participant contributions
$51,973,074
Total contributions
$54,657,787
Total income / additions
$189,154,897

Expenses & distributions

Benefits paid
$70,467,678
Administrative expenses
$372,538
Total expenses
$71,978,039
Net increase / (decrease)
$117,176,858

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alight Financial AdvisorsAFFILIATE OF RECORDKEEPER$372,036not reported in the loaded dataset2023

Related Form 5500 pages