Plan Snapshot
- Plan Sponsor: Members Benefit Corp.
- Sponsor EIN: 461357384
- Sponsor Address: 300 AVENUE OF THE CHAMPIONS,, PALM BEACH GARDENS, FL, 33418
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,005
- Total Assets: $132.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 3,005 | $132.3M | $4.2M | $10.3M |
| 2022 | 3,035 | $124.7M | $4.2M | $10.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $304,292 | — | $304,292 |
| PENTEGRA SERVICES INC | Other Service Provider | $159,024 | — | $159,024 |
| GWN SECURITIES, INC | Investment Advisor | — | $142,866 | $142,866 |
| MEMBERS BENEFIT CORP | Custodian / Trustee | $76,686 | — | $76,686 |
| EMPOWER ADVISORTY GROUP LLC | Other Service Provider | $66,361 | — | $66,361 |
| PROPELLER, INC. | Other Service Provider | $54,184 | — | $54,184 |
| CREATIVE PLANNING LLC | Investment Advisor | $53,671 | — | $53,671 |
| TEMPLETON & COMPANY LLP | Auditor | $9,861 | — | $9,861 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING LLC — Investment Advisor
- TEMPLETON & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $866,945
- Estimated Expense Ratio: 0.655% 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 |
|---|---|---|---|---|---|
| 2023 | $593,018 | — | $143,250 | $14,295 | — |
| 2022 | $629,458 | $602,700 | — | — | — |