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Original filing (PDF)20251014065221NAL0003319872001
LIFE BENEFIT PLAN
Form 5500
FILING_RECEIVED
LIFE BENEFIT PLAN MEMBER 401(K) PLAN
401(k) retirement plan
Signals · 3
39% in single holding~169 bps in Sched C feesNo recordkeeper disclosed
Active participants
325
Accounts w/ balance
188
Plan assets (EOY)
$3.3M
Net assets (EOY)
$3.3M
How this plan invests
This plan
14 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
81
Total plan cost
65
Vendor stack
80
Participation health
80
Knocking points off
- Top holding "Lord Abbett Ltd Dur Govt Fd Instl" is 39% of plan.
- 169 bps in Schedule C fees — 226% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
- 58% balance-to-active ratio — below typical for a healthy 401(k).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for LIFE BENEFIT PLAN.
Plan sponsor
Name
LIFE BENEFIT PLAN
EIN
11-1708617
Address
325 73RD STREET · BROOKLYN, NY · 11209
Phone
(718) 238-2399
Industry
Other Services (ex. Public Admin)see all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
Audit & trust (Schedule H)
Auditor
ADEPTUS PARTNERS, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SENTINEL BENEFITS GROUP LLC | 20-5916766 | — | NONE | $48K | — |
| MILLENNIUM INVESTMENT ADVISORS | — | CHARLOTTE, NC | NONE | $8K | — |
Investments
14 direct securities· $3.2M(99% of reported assets)
Uncategorized
$3.2M
13 holdings
Mutual Funds
$53K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Lord Abbett Ltd Dur Govt Fd Instl | — | — | $327K | $1.3M | 38.5% | |
| Vanguard Target Retirement 2040 | — | — | $12K | $499K | 15.2% | |
| Vanguard Target Retirement 2030 | — | — | $8K | $309K | 9.4% | |
| Vanguard Target Retirement 2045 | — | — | $10K | $296K | 9.0% | |
| Vanguard Target Retirement 2050 | — | — | $4K | $189K | 5.8% | |
| Vanguard Growth Index Fd - Admr 751.425 | — | — | — | $159K | 4.8% | |
| Vanguard 500 Index Fund - Admr 279.595 | — | — | — | $152K | 4.6% | |
| Matrix Trust Company, LLC Interest bearing cash and cash equivalents 108 * Notes receivable from participants - interest rates of 4.25% to 9.50%*** | — | — | — | $135K | 4.1% | |
| Schwab Sm Cap Index Fd Select | — | — | $2K | $58K | 1.8% | |
| Vanguard Mid-Cap Value Index Fd 639.804 | — | — | — | $54K | 1.6% | |
| DFA Global Equity Port - I | Mutual Funds | — | $2K | $53K | 1.6% | |
| Dodge & Cox Income Fund | — | — | $3K | $35K | 1.1% | |
| DFA US Large Cap Value Portfolio 616.542 | — | — | — | $30K | 0.9% | |
| Vanguard Target Retirement 2020 277.140 | — | — | — | $7K | 0.2% |
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