Plan5500

Armed Forces Benefit Association (Afba) 401(K) Incentive Savings Plan — Form 5500 plan (Armed Forces Benefit Assoc.)

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, Armed Forces Benefit Association (Afba) 401(K) Incentive Savings Plan is a benefit plan reported by Armed Forces Benefit Assoc. under EIN 53-0209087 and plan number 002. The latest loaded filing year is 2023. The filing reports 242 participants and $44,684,717 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$44.7MPlan net assets, end of year$44,684,717
Participants242Covered participants reported
Assets / participant$184.6KComputed: assets ÷ participants$184,648 (computed)
Provider compensation$7.1K1 Schedule C provider row(s)$7,111
Plan sponsor
Armed Forces Benefit Assoc.
EIN
53-0209087
Plan number
002
Plan type
2
Location
Alexandria, VA
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    242 participants · 2Sch HSch C
    View filing →
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)$44.7M total assets
Net assets$44.7MLiabilities$0
Money in vs. money out
Total income / additions$9.8M
Total expenses$2.7M
Benefits paid / distributions$2.7M
Contributions
Employer$765.7K
Participant$1.7M
Full reported line items

Net assets

Total assets (EOY)
$44,684,717
Total liabilities (EOY)
$0
Net assets (EOY)
$44,684,717
Net assets (BOY)
$37,627,752

Income & contributions

Employer contributions
$765,739
Participant contributions
$1,659,958
Total contributions
$2,484,678
Total income / additions
$9,789,030

Expenses & distributions

Benefits paid
$2,725,150
Administrative expenses
$6,915
Total expenses
$2,732,065
Net increase / (decrease)
$7,056,965
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 32%Participant 68%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company$7.1K
    RECORDKEEPER · Direct $7.1K · Indirect $0

Related Form 5500 pages