Plan Ledger DOL Form 5500 · updated monthly

Life Senior Services, Inc.401(k)

LIFE SENIOR SERVICES, INC. 401(K) RETIREMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Life Senior Services, Inc. reported $46,533 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,299 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 rose from 0.90% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Oklahoma (558th of 724), and 8,116th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has shrunk from 156 to 109 since 2022.

Plan summary
Net assets, end of year$4,656,000
Participants with balances84
Active participants109
Employer contributions$250,636
Employee contributions$457,181
Employer contribution per active participant$2,299
Average account balance$55,429
Benefits paid to participants$1,079,696
Plan auditUnmodified (clean) audit opinion
AuditorHEATHERINGTON & FIELDS CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 84 accts · $251K emplr
2023$4.3M · 156 accts · $228K emplr
2022$3.3M · 112 accts · $183K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$46,533
Total administrative$46,533
The Life Senior Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,299
Median for plans this size$1,313
2024$2,299 per active participant
2023$1,043 per active participant
2022$1,176 per active participant

Life Senior Services, Inc.'s 2024 employer contribution ran above the $1,313 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 · 202410
T. ROWE PRICE RPS, INC. · Recordkeeping · Trustee$46,533
AMERICAN FUNDS · Investment managementindirect comp
FIDELITY · Investment managementindirect comp
DIMENSIONAL FUNDS · Investment managementindirect comp
PRUDENTIAL JENNISON · Investment managementindirect comp
MFS FUNDS · Investment managementindirect comp
JP MORGAN FUNDS · Investment managementindirect comp
COHEN & STEERS FUNDS · Investment managementindirect comp
VANGUARD GROUP · Investment managementindirect comp
DODGE & COX · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Life Senior Services, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,533 · 1.04%
2023$38,113 · 1.01%
2022$28,776 · 0.90%
Same employer
Similar plansHealth Care & Social Assistance · Oklahoma

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Source: U.S. Department of Labor, Form 5500 series, EIN 731043783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.