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Original filing (PDF)20250501221721NAL0008092434001
MEMBERS BENEFIT CORP.
Form 5500
FILING_RECEIVED
MEMBERS 401(K) ADVANTAGE
401(k) retirement plan
Signals · 2
Late filing · 5.5 mo9 service providers
Active participants
3,005
Accounts w/ balance
1,833
Plan assets (EOY)
$132.3M
Net assets (EOY)
$132.3M
Plan health score
75
/ 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
78
Concentration risk
75
Total plan cost
65
Vendor stack
88
Participation health
80
Knocking points off
- Filed 5.5 months past the 10.5-month grace window.
- 55 bps in Schedule C fees — 447% above peer band of 10 bps.
- Highly fragmented vendor stack (9 disclosed providers, 6 categories).
- 61% balance-to-active ratio — below typical for a healthy 401(k).
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MEMBERS BENEFIT CORP..
Plan sponsor
Name
MEMBERS BENEFIT CORP.
EIN
46-1357384
Address
300 AVENUE OF THE CHAMPIONS, · SUITE 230 · PALM BEACH GARDENS, FL · 33418
Phone
(561) 775-0887
Industry
Other Services (ex. Public Admin)see all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2023
Plan year begin
2023-01-01
Tax period
2023-12-31
Filed
2025-05-01
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
2U · Association Retirement Plan
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
TEMPLETON & COMPANY
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | 84-0467907 | GREENWOOD VILLAGE, CO | RECORDKEEPER | $304K | — |
Advisor / Consultant
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CREATIVE PLANNING LLC | 43-1270780 | OVERLAND PARK, KS | INVESTMENT ADVISORY | $54K | — |
| CREATIVE PLANNING HOLDCO LLC | 43-1270780 | OVERLAND PARK, KS | INVESTMENT ADVISOR | $215 | — |
| GWN SECURITIES, INC | 65-0939556 | PALM BEACH, FL | BROKER/ ADVISOR | $0 | — |
Trustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MEMBERS BENEFIT CORP | — | PALM BEACH, FL | TRUSTEE | $77K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PENTEGRA SERVICES INC | — | CHARLOTTE, NC | CONTRACT ADMIN | $159K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TEMPLETON & COMPANY LLP | — | WEST PALM BEACH, FL | AUDITOR | $10K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ADVISORTY GROUP LLC | 84-0467907 | GREENWOOD VILLAGE, CO | INVESMENT MGMT | $66K | — |
| PROPELLER, INC. | — | HOUSTON, TX | OTHER | $54K | — |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.
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