Lift, Inc. Welfare Benefit Plan — Form 5500 plan (Lift, 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, Lift, Inc. Welfare Benefit Plan is a benefit plan reported by Lift, Inc. under EIN 23-2574915 and plan number 501. The latest loaded filing year is 2023. The filing reports 299 participants and $795,384 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lift, Inc.
- EIN
- 23-2574915
- Plan number
- 501
- Plan type
- 2
- Location
- Mountville, PA
- Latest filing year
- 2023
- Participants
- 299
- End-of-year plan assets
- $795,384
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 299 | H, C | 20241010154931NAL0034656336001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $795,384
- Total liabilities (EOY)
- $254,004
- Net assets (EOY)
- $541,380
- Net assets (BOY)
- $32,326
Income & contributions
- Employer contributions
- $3,840,285
- Participant contributions
- $481,937
- Total contributions
- $4,333,605
- Total income / additions
- $4,366,455
Expenses & distributions
- Benefits paid
- $3,633,145
- Administrative expenses
- $224,256
- Total expenses
- $3,857,401
- Net increase / (decrease)
- $509,054
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Aetna | ADMIN | $105,233 | not reported in the loaded dataset | 2023 |
| Mcconkey Benefits & Financial Serv | BROKER | $83,168 | not reported in the loaded dataset | 2023 |
| Benefitmall | ADMIN | $20,438 | not reported in the loaded dataset | 2023 |
| Rkl,Llp | AUDITOR | $8,500 | not reported in the loaded dataset | 2023 |
| The Benecon Group | BROKER | $6,016 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Lift, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Mountville, PA
- Aetna — Schedule C compensation
- Mcconkey Benefits & Financial Serv — Schedule C compensation
- Benefitmall — Schedule C compensation
- Rkl,Llp — Schedule C compensation
- The Benecon Group — Schedule C compensation