Lifes Food, LLC401(k)
LIFE'S FOOD, LLC 401(K) RETIREMENT PLAN · MOORESVILLE, NC · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Lifes Food, LLC reported $15,945 in plan administrative expenses for 2022: 1.81% of average plan assets, higher than ~75% of peers. Employer contributions averaged $736 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.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in North Carolina (1,901st of 2,005), and 1,785th of 2,240 in accommodation & food services. In 2022, employees put in $2.09 for every $1.00 the employer contributed.
Lifes Food, LLC's 2022 employer contribution ran above the $331 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 452430351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.