2023 Form 5500 filing — American Income Life Insurance Company Exempt Employees 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240819144234NAL0001652705001) for American Income Life Insurance Company Exempt Employees 401(K) Profit Sharing Plan, reported by American Income Life Insurance Company under EIN 74-1365936 and plan number 001. It reports 376 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240819144234NAL0001652705001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Income Life Insurance Company
- EIN
- 74-1365936
- Plan number
- 001
- Location
- Mckinney, TX
- Participants
- 376
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $22,861,221
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,861,221
- Employer contributions
- $1,267,290
- Participant contributions
- $949,461
- Total income / additions
- $4,955,876
- Benefits paid
- $1,759,103
- Administrative expenses
- $30,569
- Total expenses
- $1,810,078
- Net increase / (decrease)
- $3,145,798
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | NONE | $16,228 | $0 |
| Empower Advisory Group, LLC | NONE | $12,400 | not reported in the loaded dataset |
| Regions Bank Dba Regions Trust | NONE | $1,950 | not reported in the loaded dataset |