Plan Ledger DOL Form 5500 · updated monthly

Lifespring Home Care & Hospice,401(k)

LIFESPRING 401(K) PLAN · NORMAN, OK · plan year 2024

Reported admin expense ratio · 2024
2.12%

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

Lifespring Home Care & Hospice, reported $98,128 in plan administrative expenses for 2024: 2.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $382 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 rose from 1.73% to 2.12%. 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 Oklahoma (552nd of 724), and 8,025th of 11,911 in health care & social assistance. In 2024, employees put in $4.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,791,285
Participants with balances408
Active participants370
Employer contributions$141,266
Employee contributions$703,252
Employer contribution per active participant$382
Average account balance$11,743
Benefits paid to participants$985,881
Plan auditUnmodified (clean) audit opinion
AuditorHSPG & ASSOCIATES PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 408 accts · $141K emplr
2023$4.5M · 456 accts · $147K emplr
2022$3.9M · 379 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,044
Investment management$24,084
Total administrative$98,128
The Lifespring Home Care & Hospice, 401(k) match · 2024
Employer contribution per active participant$382
Median for plans this size$1,313
2024$382 per active participant
2023$350 per active participant

Lifespring Home Care & Hospice,'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Recordkeeping · Investment advisory (participants)$74,043
ROYAL ALLIANCE ASSOCIATES, INC. · Recordkeeping · Trustee$24,084

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

Recordkeeper by year2
2024ADP, ROYAL ALLIANCE ASSOCIATES, INC.
2023ADP, FSC SECURITIES CORPORATION

This plan has changed recordkeepers within these filings. If you left Lifespring Home Care & Hospice, before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$98,128 · 2.12%
2023$87,154 · 2.08%
2022$74,948 · 1.73%
Similar plansHealth Care & Social Assistance · Oklahoma
Epworth Living, Inc. OK$5.1M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830780298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.