Employers › Axcelus Financial Life Insurance Co Separate Account VL 496
Recordkeeping fees per participant · Axcelus Financial 401(k) Plan · plan year 2024
$376.29
Higher than 98% of the 14,075 plans $10 to 50M that report it.
= $56,443 / 150
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250730112302NAL0004599585001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730112302NAL0004599585001, received 2025-07-30
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-30.
Administrative expenses excluding investment management, per participant
$160.45
Higher than 64% of the 24,371 plans $10 to 50M that report it.
= $24,067 / 150
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730112302NAL0004599585001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730112302NAL0004599585001, received 2025-07-30
Administrative expenses per participant
$188.87
Higher than 48% of the 25,098 plans $10 to 50M that report it.
= $28,330 / 150
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730112302NAL0004599585001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730112302NAL0004599585001, received 2025-07-30
Administrative expenses as a share of assets
0.100%
Higher than 21% of the 25,132 plans $10 to 50M that report it.
= $28,330 / $28,237,443
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730112302NAL0004599585001, received 2025-07-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730112302NAL0004599585001, received 2025-07-30
Employer contributions per participant
$4,894
Higher than 91% of the 24,050 plans $10 to 50M that report it.
= $734,132 / 150
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730112302NAL0004599585001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730112302NAL0004599585001, received 2025-07-30
Employer share of total contributions
36.2%
Higher than 77% of the 24,084 plans $10 to 50M that report it.
= $734,132 / $2,030,253
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730112302NAL0004599585001, received 2025-07-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730112302NAL0004599585001, received 2025-07-30
Plan terms are not published in public filings.
2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 2F ERISA 404(c) plan · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250730112302NAL0004599585001, received 2025-07-30
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AXCELUS FINANCIAL LIFE INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Plan name | AXCELUS FINANCIAL 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Sponsor EIN / plan number | 52-0795747 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Sponsor location | PHILADELPHIA, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Industry (business code) | 524290, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Filing received | 2025-07-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Participants, beginning of year | 169 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Active participants | 98 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Participants, end of year | 163 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Participants with an account balance | 150 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total assets, beginning of year | $25,876,129 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total assets, end of year | $28,237,443 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Net assets, end of year | $28,207,443 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total income | $6,190,672 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Net income | $2,331,314 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Employer contributions | $734,132 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Participant contributions | $1,296,121 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Other contributions (incl. rollovers) | $0 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total contributions | $2,030,253 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Benefit payments | $3,831,028 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total expenses (incl. benefit payments) | $3,859,358 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Total administrative expenses | $28,330 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Recordkeeping fees | $56,443 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| IQPA audit fees | $30,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Investment advisory and management fees | $4,263 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Administrative expenses excluding investment management | $24,067 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Held in common/collective trusts | $4,105,807 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Held in mutual funds | $23,312,335 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250730112302NAL0004599585001, received 2025-07-30 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250730112302NAL0004599585001, received 2025-07-30 |
Position = column in the DOL layout for form year 2024. Filing 20250730112302NAL0004599585001, received 2025-07-30.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $-5,933 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250730112302NAL0004599585001, received 2025-07-30.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $25,876,129 | $28,237,443 | 9.1% |
| Participants with a balance | 166 | 150 | -9.6% |
| Administrative expenses | $-1,259 | $28,330 | |
| Recordkeeping fees per participant | not reported | $376.29 | |
| Employer contributions | $742,317 | $734,132 | -1.1% |
Prior filing 20240725094704NAL0022140080001, received 2024-07-25; the plan years are contiguous.
Sponsor name as filed: AXCELUS FINANCIAL LIFE INSURANCE COMPANY; SEC registrant: Axcelus Financial Life Insurance Co Separate Account VL 496 (CIK 2108005, matched by EIN).