Plan Ledger DOL Form 5500 · updated monthly

Lifepath, Inc.401(k)

LIFEPATH, INC. 401(K) PLAN · GREENFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Lifepath, Inc. reported $37,278 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $2,543 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. 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 Massachusetts (2,089th of 2,726), and 6,633rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.61 for every $1.00 employees contributed themselves; active participation has grown from 123 to 143 since 2022.

Plan summary
Net assets, end of year$7,566,694
Participants with balances153
Active participants143
Employer contributions$363,646
Employee contributions$226,524
Employer contribution per active participant$2,543
Average account balance$49,456
Benefits paid to participants$856,542
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 153 accts · $364K emplr
2023$7.1M · 152 accts · $315K emplr
2022$6.4M · 149 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,278
Total administrative$37,278
The Lifepath, Inc. 401(k) match · 2024
Employer contribution per active participant$2,543
Median for plans this size$1,313
2024$2,543 per active participant
2023$2,385 per active participant
2022$2,498 per active participant

Lifepath, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$32,298

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$37,278 · 0.51%
2023$34,917 · 0.52%
2022$31,771 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Work, Inc. MA$7.7M · 0.02%
Linus Health, Inc. MA$7.6M · 0.69%
TCR2 Therapeutics, Inc. MA$7.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042542539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.