Full text of BENEFIT FUNDING SERVICES, LLC's X-17A-5 filed 2026-04-16 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ **FINANCIAL STATEMENTS REPORT PURSUANT TO SEC RULE17A-5(d)** > **FOR THE YEAR ENDED DECEMBER 31, 2025** > > **(***Public Report***)** {1}------------------------------------------------ # **Table of Contents** | SEC<br>FormX-17A-5 | PAGE<br>1 | |---------------------------------------------------------|-----------| | Report of Independent Registered Public Accounting Firm | 3 | | Statement<br>of<br>Financial<br>Condition | 4 | | Notes to Financial Statements | 5 | {2}------------------------------------------------ **INSERT Facing Page** {3}------------------------------------------------ **Insert Auditor's Report** {4}------------------------------------------------ # **Statement of Financial Condition December 31, 2025** ## ASSETS | Cash | \lt;br>965,986 | |------------------------------------------|-----------------| | Commission Receivable | 920,387 | | Accounts Receivable | 22,044 | | Other<br>Assets | 1,552 | | Total<br>Assets | \lt;br>1,909,969 | | | | | LIABILITIES<br>AND<br>MEMBER'S<br>EQUITY | | # LIABILITIES | Commissions<br>Payable | | \$ | 886,849 | |--------------------------------------------------|---------------------------------------------------|----|-----------------| | Accounts<br>Payable<br>Franchise<br>Tax<br>Board | Payable | | 42,918<br>6,800 | | | Total<br>Liabilities | \$ | 936,567 | | | | | | | MEMBER'S<br>EQUITY | | | | | | Total<br>Member's<br>Equity | \$ | 973,402 | | | Total<br>Liabilities<br>and<br>Member's<br>Equity | \$ | 1,909,969 | {5}------------------------------------------------ ## **Notes to Financial Statements December 31, 2025** ## **Note 1: NATURE OF BUSINESS** Benefit Funding Services, LLC (the "Company") was formed in Nevada on September 11, 1997, as a single member Limited Liability Company. The Company is registered as a broker-dealer under the Securities and Exchange Act of 1934 and is a member of The Financial Industry Regulatory Authority (FINRA). The Company is wholly owned by Benefit Funding Holdings, LLC (BFS Holdings). The Company receives retail commission and overrides from insurance companies for arranging the sale of variable life insurance and annuity products by its registered representatives. The company also receives overrides for arranging the sale of variable insurance an annuity product by registered representatives of unaffiliated broker-dealers. The company pays its own registered representatives directly and pays overrides of unaffiliate…Read the full text as markdown