Plan Ledger DOL Form 5500 · updated monthly

L.I.F.E. Inc.401(k)

L.I.F.E. INC. 401(K) PLAN · BALTIMORE, MD · plan year 2022

Reported admin expense ratio · 2022
0.28%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

L.I.F.E. Inc. reported $2,350 in plan administrative expenses for 2022: 0.28% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,615th of 1,671), and 11,129th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$743,971
Participants with balances77
Active participants155
Employer contributions$0
Employee contributions$149,610
Employer contribution per active participant$0
Average account balance$9,662
Benefits paid to participants$249,258
Plan auditUnmodified (clean) audit opinion
AuditorFITZPATRICK LEARY & SZARKO LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,350
Total administrative$2,350
The L.I.F.E. Inc. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

L.I.F.E. Inc.'s 2022 employer contribution ran below the $331 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$2,350 · 0.28%
Similar plansHealth Care & Social Assistance · Maryland
Marchi Enterprises, LLC MD$625K · 1.15%
Springwell, LLC MD$579K · 1.88%
Vcare Jv Holdings Inc. MD$466K · 1.99%
Powell Recovery Center MD$441K · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521297022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.