Plan Ledger DOL Form 5500 · updated monthly

Lifeserve Blood Center403(b)

LIFESERVE RETIREMENT PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Lifeserve Blood Center reported $79,670 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,650 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 fell from 0.51% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 367th-largest of 878 plans among Iowa employers on file, and the 3,377th of 11,911 in health care & social assistance. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 353 to 304 since 2022.

Plan summary
Net assets, end of year$22,654,692
Participants with balances532
Active participants304
Employer contributions$501,601
Employee contributions$1,020,113
Employer contribution per active participant$1,650
Average account balance$42,584
Benefits paid to participants$947,575
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 532 accts · $502K emplr
2023$18.9M · 460 accts · $471K emplr
2022$15.7M · 603 accts · $421K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,670
Total administrative$79,670
Employer contributions to the Lifeserve Blood Center plan · 2024
Employer contribution per active participant$1,650
Median for plans this size$2,416
2024$1,650 per active participant
2023$1,468 per active participant
2022$1,194 per active participant

Lifeserve Blood Center's 2024 employer contribution ran below the $2,416 median for plans its size. 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$175

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$79,670 · 0.38%
2023$63,700 · 0.37%
2022$86,522 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Community Health Care, Inc IA$27.9M · 0.01%
Abcm Corporation IA$26.4M · 0.58%
Hope Haven, Inc. IA$26.2M · 0.57%
Shenandoah Medical Center IA$21.0M · 0.27%
Virginia Gay Hospital IA$20.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272092557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.