# Life Benefit Plan 401(k) Plan
Source: https://planprovider.pro/companies/life-benefit-plan-401k-plan

> Life Benefit Plan's 401(k) plan: 325 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| SENTINEL BENEFITS GROUP LLC|NONE|$47,922|—|$47,922|

| MILLENNIUM INVESTMENT ADVISORS|NONE|$7,500|—|$7,500|

| ADEPTUS PARTNERS, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SENTINEL BENEFITS GROUP LLC](https://planprovider.pro/provider/sentinel-group) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $55,422

- **Estimated Expense Ratio:** 1.693% of plan assets

### 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|

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