Plan Ledger DOL Form 5500 · updated monthly

Lifestyle Footwear, Inc.DC plan

LIFESTYLE FOOTWEAR INC. 401K · MOCA, PR · plan year 2022

Employer contribution per participant · 2022
$180

Lifestyle Footwear, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $112,028 across 50 participant accounts, with employer contributions averaging $180 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in PR (318th of 323), and 13,610th of 13,661 in manufacturing. In 2022, employees put in $4.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$112,028
Participants with balances50
Active participants41
Employer contributions$7,375
Employee contributions$33,714
Employer contribution per active participant$180
Average account balance$2,241
Benefits paid to participants$46,413
Plan auditUnmodified (clean) audit opinion
Employer contributions to the Lifestyle Footwear, Inc. plan · 2022
Employer contribution per active participant$180
Median for plans this size$331

Lifestyle Footwear, Inc.'s 2022 employer contribution ran below the $331 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.

Same employer
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Sign Engineering, LLC PR$367K · 0.55%
3A Press Corp. PR$122K · 2.43%
Shaw Bakers LLC CA$112K · 0.93%
Bentley Acquisition, LLC SC$112K · 1.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660448782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.