Management Consulting Inc. Health And Welfare Plan- Two — Form 5500 plan (Management Consulting, 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, Management Consulting Inc. Health And Welfare Plan- Two is a benefit plan reported by Management Consulting, Inc. under EIN 54-1244651 and plan number 503. The latest loaded filing year is 2023. The filing reports 520 participants and $328,047 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$129.6KPlan net assets, end of year$129,622
Participants520Covered participants reported
Assets / participant$631Computed: assets ÷ participants$631 (computed)
Provider compensation$537.2K2 Schedule C provider row(s)$537,178
- Plan sponsor
- Management Consulting, Inc.
- EIN
- 54-1244651
- Plan number
- 503
- Plan type
- 2
- Location
- Virginia Beach, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 520 | H, C | 20240927123023NAL0003665856001 |
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)$328K total assets
Net assets$129.6KLiabilities$198.4K
Full reported line items
Net assets
- Total assets (EOY)
- $328,047
- Total liabilities (EOY)
- $198,425
- Net assets (EOY)
- $129,622
- Net assets (BOY)
- $302,331
Income & contributions
- Employer contributions
- $3,380,788
- Participant contributions
- $378,462
- Total contributions
- $3,759,250
- Total income / additions
- $3,759,250
Expenses & distributions
- Benefits paid
- $3,642,050
- Administrative expenses
- $289,909
- Total expenses
- $3,931,959
- Net increase / (decrease)
- -$172,709
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.
90%
Employer 90%Participant 10%
Total expenses ÷ net assets3033%Computed ratio
Benefits paid ÷ total income97%Computed ratio
Provider comp. ÷ net assets414%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Anthem Health Plans Of Virginia | CONTRACT ADMINISTRATOR | $187,359 | $317,337 | 2023 |
| Usi Ins Services LLC | BROKER | not reported in the loaded dataset | $32,482 | 2023 |