Plan Ledger DOL Form 5500 · updated monthly

Life University, Inc.401(k)

LIFE UNIVERSITY, INC. 401(K) SAVINGS PLAN · MARIETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Life University, Inc. reported $5,934 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $751 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 0.013% to 0.015%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 546th-largest of 2,160 plans among Georgia employers on file, and the 1,062nd of 3,091 in educational services. In 2024, employees put in $3.84 for every $1.00 the employer contributed; active participation has grown from 537 to 794 since 2022.

Plan summary
Net assets, end of year$40,977,669
Participants with balances698
Active participants794
Employer contributions$596,549
Employee contributions$2,290,031
Employer contribution per active participant$751
Average account balance$58,707
Benefits paid to participants$5,824,557
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 698 accts · $597K emplr
2023$39.2M · 679 accts · $391K emplr
2022$33.9M · 656 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,934
Total administrative$5,934
The Life University, Inc. 401(k) match · 2024
Employer contribution per active participant$751
Median for plans this size$2,416
2024$751 per active participant
2023$618 per active participant
2022$901 per active participant

Life University, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$5,934

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

Administrative cost history3
2024$5,934 · 0.01%
2023$5,003 · 0.01%
2022$4,096 · 0.01%
Same employer
Similar plansEducational Services · Georgia
Piedmont University GA$44.1M · 0.12%
Darlington School GA$43.3M · 0.16%
Oglethorpe University GA$41.4M · 0.12%
Covenant College, Inc. GA$37.9M · 0.02%
Trinity School, Inc. GA$36.8M · 0.11%
Atlanta Speech School, Inc. GA$35.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581216007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.