What are the fees in the Life Tech Inc 401(k) plan?

For plan year 2021, Life Tech Inc reported $290 in plan administrative expenses, or 1.00% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Life Tech Inc 401(k)?

The average participant account balance was $2,223 for plan year 2021, based on 22 accounts.

Life Tech Inc401(k)

Name: Life Tech Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LIFE TECH INC · LIVINGSTON, NJ · plan year 2021

Reported admin expense ratio · 2021

1.00%

Life Tech Inc reported $290 in plan administrative expenses for 2021: 1.00% of average plan assets, above the peer median. 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 93 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,390th of 2,419), and 11,836th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$48,906
Participants with balances22
Active participants274
Employer contributions—
Employee contributions$39,858
Employer contribution per active participant—
Average account balance$2,223
Benefits paid to participants$21,668
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLETZER, PLLC

Plan history2

Yearassets · accounts · employer contribution

2021$49K · 22 accts

2020$9K · 12 accts

What these fees cost you

Your balance

Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2021$290 · 1.00%

2020Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 830812803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.