Employee Benefit Plan Of Life Inc. — Form 5500 plan (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, Employee Benefit Plan Of Life Inc. is a benefit plan reported by Life Inc. under EIN 56-1612948 and plan number 501. The latest loaded filing year is 2023. The filing reports 156 participants and $777,543 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Life Inc.
- EIN
- 56-1612948
- Plan number
- 501
- Plan type
- 2
- Location
- Goldsboro, NC
- Latest filing year
- 2023
- Participants
- 156
- End-of-year plan assets
- $777,543
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 156 | H, C | 20240828102904NAL0005703155001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $777,543
- Total liabilities (EOY)
- $79,654
- Net assets (EOY)
- $697,889
- Net assets (BOY)
- $732,708
Income & contributions
- Employer contributions
- $1,517,700
- Participant contributions
- $356,430
- Total contributions
- $1,874,130
- Total income / additions
- $1,874,130
Expenses & distributions
- Benefits paid
- $1,617,325
- Administrative expenses
- $291,624
- Total expenses
- $1,908,949
- Net increase / (decrease)
- -$34,819
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ebenconcepts Company, Inc. | CONSULTANT | $46,000 | not reported in the loaded dataset | 2023 |
| Blue Cross And Blue Shield Of Nc | ADMINISTRATOR | $35,656 | not reported in the loaded dataset | 2023 |
| Davidson Holland Whitesell & Co Pll | AUDITOR | $12,000 | not reported in the loaded dataset | 2023 |