Plan Snapshot
- Plan Sponsor: Life Benefit Plan
- Sponsor EIN: 111708617
- Sponsor Address: 325 73RD STREET, BROOKLYN, NY, 11209
- Plan Type: 401(k)
- Total Participants: 325
- Total Assets: $3.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 325 | $3.3M | $135,125 | $385,036 |
| 2023 | 352 | $3.0M | $186,453 | $429,222 |
| 2022 | 338 | $2.5M | $168,993 | $351,018 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADEPTUS PARTNERS, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $76,894 | $13,250 | — | — | — |
| 2023 | $62,351 | $5,625 | — | $5,500 | — |
| 2022 | $98,023 | $72,213 | — | — | $25,810 |