Audiology Benefits 401(K) Plan I — Form 5500 plan (Audiology Benefits Services, LLC)

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, Audiology Benefits 401(K) Plan I is a benefit plan reported by Audiology Benefits Services, LLC under EIN 22-2580521 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,357 participants and $174,287,121 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Audiology Benefits Services, LLC
EIN
22-2580521
Plan number
002
Plan type
2
Location
Somerset, NJ
Latest filing year
2023
Participants
3,357
End-of-year plan assets
$174,287,121

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20233,357H, C20241015111139NAL0029360017001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$174,287,121
Total liabilities (EOY)
$0
Net assets (EOY)
$174,287,121
Net assets (BOY)
$146,379,701

Income & contributions

Employer contributions
$5,127,243
Participant contributions
$15,117,028
Total contributions
$22,466,290
Total income / additions
$47,612,576

Expenses & distributions

Benefits paid
$19,415,338
Administrative expenses
$286,300
Total expenses
$19,705,156
Net increase / (decrease)
$27,907,420

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$211,300$02023
Wells Fargo AdvisorsINVESTMENT ADVISORY$75,000not reported in the loaded dataset2023

Related Form 5500 pages