Plan Ledger DOL Form 5500 · updated monthly

Lifetime Products, Inc.401(k)

LIFETIME PRODUCTS, INC. 401K RETIREMENT PLAN · CLEARFIELD, UT · plan year 2025

Reported admin expense ratio · 2025
0.09%

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

Lifetime Products, Inc. reported $84,339 in plan administrative expenses for 2025: 0.09% of average plan assets, below the peer median. Employer contributions averaged $1,127 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 rose from 0.08% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other retail trade employers. By assets it is the 82nd-largest of 848 plans among Utah employers on file, and the 372nd of 5,215 in retail trade. In 2025, employees put in $2.77 for every $1.00 the employer contributed; active participation has shrunk from 2,005 to 1,720 since 2022.

Plan summary
Net assets, end of year$101,588,770
Participants with balances1,703
Active participants1,720
Employer contributions$1,939,286
Employee contributions$5,365,320
Employer contribution per active participant$1,127
Average account balance$59,653
Benefits paid to participants$11,434,152
Plan auditDisclaimer of opinion
AuditorCARVER FLOREK & JAMES CPAS
Plan history4
Yearassets · accounts · employer contribution
2025$101.6M · 1,703 accts · $1.9M emplr
2024$91.7M · 1,832 accts · $2.0M emplr
2023$83.8M · 1,905 accts · $1.8M emplr
2022$69.1M · 2,229 accts · $2.0M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$84,339
Total administrative$84,339
The Lifetime Products, Inc. 401(k) match · 2025
Employer contribution per active participant$1,127
Median for plans this size$4,093
2025$1,127 per active participant
2024$1,022 per active participant
2023$984 per active participant
2022$1,000 per active participant

Lifetime Products, Inc.'s 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$84,146

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

Administrative cost history4
2025$84,339 · 0.09%
2024$80,307 · 0.09%
2023$65,577 · 0.09%
2022$56,386 · 0.08%
Same employer
Similar plansRetail Trade · Utah
R.C. Willey Home Furnishings UT$187.1M · 0.13%
Beyond, Inc. UT$154.3M · 0.09%
Lhm Adm Ben, Inc. UT$128.2M · 0.21%
Harmon City, Inc. UT$97.8M · 0.38%
Doterra International LLC UT$83.2M · 0.31%
1-800 Contacts, Inc. UT$73.0M · 0.36%
Transport Equipment Company UT$68.7M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870433254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.