Members Benefit Corp. 401(k) Plan: Login, Facts & Contact Information

Members Benefit Corp. 401(k) Plan Facts

Plan name
MEMBERS 401(K) ADVANTAGE
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MEMBERS BENEFIT CORP.
Participants
3,164 (3,005 active employees)
Former employees with a balance
375
Plan assets
$132,329,077 at Dec 31, 2023
Average account balance
$72,193 across 1,833 accounts
Employer contributions
$4,197,347 in plan year 2023 (28% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 2013
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed May 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $15.1 million went into the plan in contributions, $4.20 million of it from the employer (28%).
  • $12.7 million was paid out to participants.
  • Investment and other income added $19.2 million.
  • Administrative expenses were $593,018, about $324 per account.

How the Members Benefit Corp. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20183,393$86.3 million$3.24 million$9.86 million
20193,263$116.5 million$3.45 million$9.15 million
20202,587$125.2 million$3.42 million$11.4 million
20213,263$140.5 million$3.64 million$16.1 million
20223,477$124.7 million$4.21 million$8.28 million
20233,164$132.3 million$4.20 million$12.7 million

Members Benefit Corp. 401(k) Contact Information

Phone
561-775-0887
Mailing address
300 AVENUE OF THE CHAMPIONS, SUITE 230, PALM BEACH GARDENS FL 33418
Plan sponsor
MEMBERS BENEFIT CORP.
Employer identification number (EIN)
46-1357384
Plan number
001

Questions about the Members Benefit Corp. 401(k)

Does Members Benefit Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $4.20 million, 28% of all contributions.

Does the Members Benefit Corp 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Members Benefit Corp 401(k) plan?

3,164 participants at the start of plan year 2023, 3,005 of them active employees, and 375 former employees who still had money in the plan.

What is the average 401(k) balance at Members Benefit Corp?

About $72,193 per account: $132.3 million in plan assets across 1,833 accounts with a balance at the end of plan year 2023.

Who manages the Members Benefit Corp 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Members Benefit Corp. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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