# Life INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/life-inc-561612948-501

> Life INC.'s Health & Welfare plan: 132 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Life INC.

- **Sponsor EIN:** 561612948

- **Sponsor Address:** 2609 ROYALL AVENUE, GOLDSBORO, NC, 27534

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 132

- **Total Assets:** $814,451

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2025|132|$814,451|$0|$0|

| 2024|134|$954,726|$1.4M|$320,398|

| 2023|146|$777,543|$1.5M|$356,430|

| 2022|156|$826,160|$1.2M|$371,280|

## 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|

| EBENCONCEPTS COMPANY, INC.|Other Service Provider|$46,000|—|$46,000|

| BLUE CROSS AND BLUE SHIELD OF NC|Recordkeeper|$36,540|—|$36,540|

| DAVIDSON HOLLAND WHITESELL & CO PLL|Auditor|$19,950|—|$19,950|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $102,490

- **Estimated Expense Ratio:** 12.584% 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|

| 2025|$1,674,863|—|$293,890|$19,950|—|

| 2024|$305,546|—|$287,346|$18,200|—|

| 2023|$291,624|—|$275,879|$15,745|—|

| 2022|$308,125|—|$292,235|—|$15,890|

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