Plan Ledger DOL Form 5500 · updated monthly

Lifesci Advisors401(k)

LIFESCI ADVISORS 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Lifesci Advisors reported $36,773 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $0 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 fell from 0.71% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,714th of 5,648), and 8,233rd of 11,654 in professional & technical services. active participation has grown from 198 to 362 since 2020.

Plan summary
Net assets, end of year$9,265,081
Participants with balances233
Active participants362
Employer contributions$0
Employee contributions$2,671,762
Employer contribution per active participant$0
Average account balance$39,764
Benefits paid to participants$953,528
Plan auditUnmodified (clean) audit opinion
AuditorRYAN + MANN LLC
Plan history3
Yearassets · accounts · employer contribution
2023$9.3M · 233 accts
2021$4.7M · 151 accts
2020$2.5M · 92 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,282
Investment management$491
Total administrative$36,773
The Lifesci Advisors 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Lifesci Advisors's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PAYCHEX, INC. · Contract administrator · Recordkeeping$19,457
401K GENERATION · Contract administrator · Recordkeeping$17,096

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

Administrative cost history3
2023$36,773 · 0.47%
2021$25,094 · 0.70%
2020$13,622 · 0.71%
Same employer
Similar plansProfessional & Technical Services · New York
Viventium Software, Inc. NY$9.3M · 0.28%
Velan Studios NY$9.3M · 0.02%
Trackforce, Inc. NY$9.2M · 0.56%
Upstate Companies 1, LLC NY$9.2M · 0.56%
Ogury Inc. NY$9.2M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272268279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.