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Original filing (PDF)20251015144659NAL0002596707001
MISSION BASED HEALTH BENEFITS, INC
Form 5500
FILING_RECEIVED
MBHB MEDICAL PLAN
Health & welfare plan
Signals · 4
91% in single holding~3859 bps in Sched C feesNo recordkeeper disclosed8 service providers
Active participants
577
Accounts w/ balance
—
Plan assets (EOY)
$668K
Net assets (EOY)
-$87K
How this plan invests
This plan
3 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Money Market Fund Federated Hermes Federated Treasury Obligations Fund" is 91% of plan.
- 3859 bps in Schedule C fees — 2342% above peer band of 158 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MISSION BASED HEALTH BENEFITS, INC.
Plan sponsor
Name
MISSION BASED HEALTH BENEFITS, INC
EIN
88-2122382
Address
201 N WASHINGTON SQUARE, 920 · LANSING, MI · 48933
Phone
(517) 323-3687
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4Q · Other
Audit & trust (Schedule H)
Auditor
MALONEY & NOVOTNY, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LEWIS & ELLIS, INC. | 75-1281520 | — | NONE | $136K | — |
| MALONEY + NOVOTNY, LLC | 34-0677006 | — | NONE | $39K | — |
| PIERSON FERDINAND | 93-3416937 | — | NONE | $28K | — |
| MRJ ACCOUNTING | 83-1150468 | — | NONE | $17K | — |
| INTEGRITY BENEFIT SOLUTIONS, LLC | 82-3076274 | — | NONE | $15K | — |
| IPFS CORPORATION | 43-1039872 | — | NONE | $13K | — |
| RHOADES MCKEE PC | 38-2759173 | — | NONE | $6K | — |
| FISHER BROYLES, LLP | 56-2332885 | — | NONE | $5K | — |
Investments
3 direct securities· $383K(57% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Money Market Fund Federated Hermes Federated Treasury Obligations Fund | — | — | $350K | $350K | 52.4% | |
| Huntington National Bank Unlimited Plus Checking | — | — | $29K | $29K | 4.4% | |
| Interest-Bearing Cash * Huntington National Bank Premier Plus MMA | — | — | $4K | $4K | 0.6% |