Plan Ledger DOL Form 5500 · updated monthly

Lifeskills, Inc.401(k)

LIFESKILLS, INC. 401(K) PLAN · BOWLING GREEN, KY · plan year 2024

Reported admin expense ratio · 2024
0.73%

Lifeskills, Inc. reported $52,974 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. 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 0.87% to 0.73%. 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 Kentucky (558th of 871), and 6,650th of 11,911 in health care & social assistance. active participation has grown from 408 to 526 since 2022.

Plan summary
Net assets, end of year$7,525,483
Participants with balances154
Active participants526
Employer contributions—
Employee contributions$380,984
Employer contribution per active participant—
Average account balance$48,867
Benefits paid to participants$563,820
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 154 accts
2023$7.0M · 157 accts · $2K emplr
2022$6.2M · 157 accts
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 · 20245
LINCOLN RETIREMENT SERVICES COMPANY · Recordkeeping · Loan processing$51,074
CREATIVE RETIREMENT SYSTEMS · Recordkeeping · Loan processing$5,621
GLOBAL RETIREMENT PARTNERS, LL · Investment advisory (plan)$13,648
WELLTH ADVISORY SERVICE, LLC · Investment advisory (plan)$4,958
BLUE & CO, LLC · Accounting / audit$4,000

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

Recordkeeper by year2
2024CREATIVE RETIREMENT SYSTEMS, Lincoln Financial
2023CREATIVE RETIREMENT SYSTEMS, Lincoln Financial

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

Administrative cost history3
2024$52,974 · 0.73%
2023$48,453 · 0.73%
2022$57,934 · 0.87%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Sterling Health Care KY$8.2M · 0.43%
Brighton Center, Inc. KY$7.5M · 0.10%
Gravity Diagnostics LLC KY$7.3M · 0.74%
Communicare, Inc KY$7.0M · 0.96%
Ramey-Estep Homes, Inc. KY$7.0M · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 610661819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.