Plan Ledger DOL Form 5500 · updated monthly

Life Fitness, LLC401(k)

LIFE FITNESS, LLC 401(K) SAVINGS PLAN · ROSEMONT, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Life Fitness, LLC reported $293,219 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $3,349 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.

Across the 2 years on file its reported administrative ratio fell from 0.12% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 254th-largest of 3,702 plans among Illinois employers on file, and the 912th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$276,229,585
Participants with balances1,542
Active participants1,259
Employer contributions$4,216,736
Employee contributions$9,388,522
Employer contribution per active participant$3,349
Average account balance$179,137
Benefits paid to participants$30,589,223
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$276.2M · 1,542 accts · $4.2M emplr
2023$257.2M · $3.9M emplr
2022$223.6M · 1,623 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,555
Investment management$174,264
Audit (IQPA)$6,400
Total administrative$293,219
The Life Fitness, LLC 401(k) match · 2024
Employer contribution per active participant$3,349
Median for plans this size$4,294
2024$3,349 per active participant
2023$3,109 per active participant
2022$3,016 per active participant

Life Fitness, LLC's 2024 employer contribution ran below the $4,294 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$112,554
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants) · Investment management$97,288
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$76,977
SIKICH CPA LLC · Accounting / audit$6,400

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$293,219 · 0.11%
2023$271,788 · 0.11%
2022$296,001 · 0.12%
Same employer
Similar plansManufacturing · Illinois
Lundbeck LLC IL$281.7M · 0.11%
Madison Iaq LLC IL$279.9M · 0.13%
Littelfuse, Inc. IL$266.1M · 0.05%
Griffith Foods Group, Inc. IL$261.5M · 0.07%
Atkore International Inc. IL$260.7M · 0.20%
Great Dane LLC IL$256.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364915818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.