Benecard 401(K) Plan — Form 5500 plan (Benecard Services, 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, Benecard 401(K) Plan is a benefit plan reported by Benecard Services, Inc. under EIN 22-2998772 and plan number 001. The latest loaded filing year is 2023. The filing reports 570 participants and $41,590,942 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Benecard Services, Inc.
EIN
22-2998772
Plan number
001
Plan type
2
Location
Clifton, NJ
Latest filing year
2023
Participants
570
End-of-year plan assets
$41,590,942

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023570H, C20241011121947NAL0021833393001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$41,590,942
Total liabilities (EOY)
$0
Net assets (EOY)
$41,590,942
Net assets (BOY)
$34,691,678

Income & contributions

Employer contributions
$1,128,073
Participant contributions
$2,656,625
Total contributions
$4,214,178
Total income / additions
$10,697,188

Expenses & distributions

Benefits paid
$3,633,864
Administrative expenses
$144,574
Total expenses
$3,797,924
Net increase / (decrease)
$6,899,264

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$144,539$02023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages