Gospel Light Mennonite Church Medical Aid Plan, Inc 403(B) Plan — Form 5500 plan (Same)

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, Gospel Light Mennonite Church Medical Aid Plan, Inc 403(B) Plan is a benefit plan reported by Same under EIN 47-2042581 and plan number 001. The latest loaded filing year is 2023. The filing reports 382 participants and $3,866,688 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.9MPlan net assets, end of year$3,866,688
Participants382Covered participants reported
Assets / participant$10.1KComputed: assets ÷ participants$10,122 (computed)
Provider compensation$15.2K1 Schedule C provider row(s)$15,232
Plan sponsor
Same
EIN
47-2042581
Plan number
001
Plan type
2
Location
Canton, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023382H, C20240731171453NAL0047606050001
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)$3.9M total assets
Net assets$3.9MLiabilities$0
Money in vs. money out
Total income / additions$1.4M
Total expenses$585K
Benefits paid / distributions$569.8K
Contributions
Employer$399K
Participant$511K
Full reported line items

Net assets

Total assets (EOY)
$3,866,688
Total liabilities (EOY)
$0
Net assets (EOY)
$3,866,688
Net assets (BOY)
$3,075,767

Income & contributions

Employer contributions
$398,969
Participant contributions
$510,984
Total contributions
$914,891
Total income / additions
$1,375,958

Expenses & distributions

Benefits paid
$569,808
Administrative expenses
$15,229
Total expenses
$585,037
Net increase / (decrease)
$790,921
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.

Contribution share (employer vs. participant)
Employer 44%Participant 56%
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income41%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Equitable Life Insurance CompanyINVESTMENT PROVIDER$15,232$02023

Related Form 5500 pages