Life Benefit Plan Member 401(K) Plan — Form 5500 plan (Life Benefit Plan)
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, Life Benefit Plan Member 401(K) Plan is a benefit plan reported by Life Benefit Plan under EIN 11-1708617 and plan number 001. The latest loaded filing year is 2023. The filing reports 384 participants and $2,987,717 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$3MPlan net assets, end of year$2,975,024
Participants384Covered participants reported
Assets / participant$7.8KComputed: assets ÷ participants$7,781 (computed)
Provider compensation$44.4K2 Schedule C provider row(s)$44,352
- Plan sponsor
- Life Benefit Plan
- EIN
- 11-1708617
- Plan number
- 001
- Plan type
- 1
- Location
- Brooklyn, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 384 | H, C | 20240904140924NAL0020294785001 |
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)$3M total assets
Net assets$3MLiabilities$12.7K
Full reported line items
Net assets
- Total assets (EOY)
- $2,987,717
- Total liabilities (EOY)
- $12,693
- Net assets (EOY)
- $2,975,024
- Net assets (BOY)
- $2,487,310
Income & contributions
- Employer contributions
- $186,453
- Participant contributions
- $429,222
- Total contributions
- $615,675
- Total income / additions
- $952,757
Expenses & distributions
- Benefits paid
- $402,692
- Administrative expenses
- $62,351
- Total expenses
- $465,043
- Net increase / (decrease)
- $487,714
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.
30%70%
Employer 30%Participant 70%
Total expenses ÷ net assets16%Computed ratio
Benefits paid ÷ total income42%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Sentinel Benefits Group LLC | NONE | $38,727 | not reported in the loaded dataset | 2023 |
| Millennium Investment Advisors | NONE | $5,625 | not reported in the loaded dataset | 2023 |