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)
- 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 | $608,584 | — | $608,584 |
| PENTEGRA SERVICES INC | CONTRACT ADMIN | $318,048 | — | $318,048 |
| GWN SECURITIES, INC | BROKER/ ADVISOR | — | $285,732 | $285,732 |
| MEMBERS BENEFIT CORP | TRUSTEE | $153,372 | — | $153,372 |
| EMPOWER ADVISORTY GROUP LLC | INVESMENT MGMT | $132,722 | — | $132,722 |
| PROPELLER, INC. | OTHER | $108,368 | — | $108,368 |
| CREATIVE PLANNING LLC | INVESTMENT ADVISORY | $107,342 | — | $107,342 |
| TEMPLETON & COMPANY LLP | AUDITOR | $19,722 | — | $19,722 |
| TEMPLETON & COMPANY | Auditor | $14,295 | — | $14,295 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING LLC — INVESTMENT ADVISORY
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,748,185
- Estimated Expense Ratio: 1.321% 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 | — | — | — |