401(k) · DOL Form 5500 · 2023

Members Benefit Corp. 401(k) Plan

Data updated 2026-08-11

$132M
Total assets
2,914
Participants
93rd
Percentile by assets
$45,411
Avg per participant
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Official DOL plan name: Members 401(k) Advantage · Sponsored by Members Benefit Corp. · Florida · Other Services

$132M in assets, 2,914 participants

Members Benefit Corp.'s Members 401(k) Advantage reported $132M in total assets and 2,914 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 93rd percentile by assets (of 127,072 plans)
  • #7,674 in Other Services (7,857 peers)

Coverage in Florida

Members 401(k) Advantage covers 2,914 participants in Florida, 4.6x the typical Florida plan (state average ~628 per filing). Assets: $132M.

$132M
total plan assets (2023 EOY)
2,914
covered participants
93rd
percentile by assets (of 127,072 plans)
$45,411
avg assets per participant

Where Members 401(k) Advantage sits by total assets

Members 401(k) Advantage vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$132,329,077 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Members 401(k) Advantage reported net income rose from -$16M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Members 401(k) Advantage reported participants fell from 3,115 in the plan year 2022 filing to 2,914 in the plan year 2023 filing.
  • Members 401(k) Advantage end-of-year assets rose from $125M in the plan year 2022 filing to $132M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs Florida filers

In Florida, the average filing covers about 628 participants across 6,617 plans. Members 401(k) Advantage reports 2,914 participants - 4.6x that state average ($132M EOY assets).

Florida filing particulars

Total Assets (Beginning of Year)$125M
Net Assets (End of Year)$132M
Net Income$21M
Employer EIN461357384
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Members Benefit Corp.)

$-50M$0M$50M$100M$150M$200M 202220232024 $143M $0M ▼ -100.0%
Total plan assets by year, all Members Benefit Corp. plans on file
Year Plans Participants Total Assets
2022 2 4,400 $143M
2023 2 4,385 $153M
2024 1 1,402 N/A

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Members 401(k) Advantage vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Members 401(k) Advan…, Total assets ($B): 0.132329077 · Participants: 2914Members 401(k) Advan…L3harris Retirement …, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement …Savings Plan for Emp…, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Emp…Adp Totalsource Reti…, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Reti…Trinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets…, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets…
Members 401(k) Advantage vs. nearby 401(k) plans in Florida, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Members 401(k) Advantage by total assets, not by location.

Frequently Asked Questions

How did Members 401(k) Advantage assets move in 2023?
Members 401(k) Advantage grew at a solid clip - up 6.1% during 2023, from $125M to $132M. Reported net income was $21M.
Where does Members 401(k) Advantage rank by assets among Form 5500 filers?
Members 401(k) Advantage ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Members 401(k) Advantage?
Among 401(k) plans in other states, the closest by assets is The Yates Companies, Inc. 401(k) Plan in MS ($132M, 3,568 participants).

Filing takeaways

Ways to act on Members 401(k) Advantage's numbers.