2023 Form 5500 filing — Mutual Benefit Insurance Company 401(K) 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 20240924135621NAL0026317090001) for Mutual Benefit Insurance Company 401(K) Plan, reported by Mutual Benefit Insurance Company under EIN 23-6200024 and plan number 002. It reports 177 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924135621NAL0026317090001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mutual Benefit Insurance Company
- EIN
- 23-6200024
- Plan number
- 002
- Location
- Huntingdon, PA
- Participants
- 177
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,065,300
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,065,300
- Employer contributions
- $537,533
- Participant contributions
- $985,808
- Total income / additions
- $6,324,605
- Benefits paid
- $3,406,940
- Administrative expenses
- $72,437
- Total expenses
- $3,479,377
- Net increase / (decrease)
- $2,845,228
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $72,437 | $0 |
| Cambridge Investment Research Advis | INVESTMENT ADVISORY | $0 | $45,306 |
| Pensionmark Financial Group, LLC | INVESTMENT ADVISORY | $0 | $11,999 |