Our Best Life Management 401(K) Plan — Form 5500 plan (Our Best Life 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, Our Best Life Management 401(K) Plan is a benefit plan reported by Our Best Life Inc under EIN 47-1506183 and plan number 001. The latest loaded filing year is 2023. The filing reports 386 participants and $702,322 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$702.3KPlan net assets, end of year$702,322
Participants386Covered participants reported
Assets / participant$1.8KComputed: assets ÷ participants$1,819 (computed)
Provider compensation$4.1K1 Schedule C provider row(s)$4,120
- Plan sponsor
- Our Best Life Inc
- EIN
- 47-1506183
- Plan number
- 001
- Plan type
- 2
- Location
- Huntington Park, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 386 | H, C | 20241015053735NAL0014142851001 |
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)$702.3K total assets
Net assets$702.3KLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $702,322
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $702,322
- Net assets (BOY)
- $475,298
Income & contributions
- Participant contributions
- $185,757
- Total contributions
- $185,757
- Total income / additions
- $287,180
Expenses & distributions
- Benefits paid
- $55,287
- Administrative expenses
- $4,120
- Total expenses
- $60,156
- Net increase / (decrease)
- $227,024
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $4,120 | $0 | 2023 |