Plan Ledger DOL Form 5500 · updated monthly

Lifelong Medical Care401(k)

LIFELONG MEDICAL CARE 403(B) PLAN · BERKELEY, CA · plan year 2021

Reported admin expense ratio · 2021
0.34%

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

Lifelong Medical Care reported $163,809 in plan administrative expenses for 2021: 0.34% of average plan assets, above the peer median. Employer contributions averaged $449 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 4 years on file its reported administrative ratio fell from 0.44% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 109 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,716th-largest of 9,483 plans among California employers on file, and the 1,811th of 11,911 in health care & social assistance. In 2021, employees put in $6.10 for every $1.00 the employer contributed; active participation has grown from 947 to 1,082 since 2019.

Plan summary
Net assets, end of year$52,056,778
Participants with balances1,066
Active participants1,082
Employer contributions$485,398
Employee contributions$2,958,573
Employer contribution per active participant$449
Average account balance$48,834
Benefits paid to participants$3,571,093
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$52.0M · 1,240 accts · $2.5M emplr
2022$45.8M · 1,146 accts · $462K emplr
2021$52.1M · 1,066 accts · $485K emplr
2019$35.5M · 1,065 accts · $2.2M emplr
Administrative expenses, itemized · 2021
Recordkeeping & contract admin$163,809
Total administrative$163,809
The Lifelong Medical Care 401(k) match · 2021
Employer contribution per active participant$449
Median for plans this size$2,122
2023$2,529 per active participant
2022$457 per active participant
2021$449 per active participant
2019$2,311 per active participant

Lifelong Medical Care's 2021 employer contribution ran below the $2,122 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 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2023$145,194 · 0.30%
2022$47,911 · 0.10%
2021$163,809 · 0.34%
2019$135,048 · 0.44%
Same employer
Similar plansHealth Care & Social Assistance · California
Annadel Medical Group, Inc. CA$53.4M · 0.17%
Fairchild Medical Center CA$51.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942502308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.