Plan Ledger DOL Form 5500 · updated monthly

Lifetime Solutions, Inc.401(k)

LIFETIME SOLUTIONS, INC. 401(K) P/S PLAN · VICTORVILLE, CA · plan year 2023

Reported admin expense ratio · 2023
1.19%

Lifetime Solutions, Inc. reported $24,509 in plan administrative expenses for 2023: 1.19% of average plan assets, higher than ~90% of peers. 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 1 year on file its reported administrative ratio rose from 0.87% to 1.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (8,178th of 9,483), and 4,742nd of 5,337 in construction.

Plan summary
Net assets, end of year$2,271,464
Participants with balances94
Active participants127
Employer contributions—
Employee contributions$276,205
Employer contribution per active participant—
Average account balance$24,165
Benefits paid to participants$132,827
Plan auditUnmodified (clean) audit opinion
AuditorGURSEY SCHNEIDER
Plan history2
Yearassets · accounts · employer contribution
2023$2.3M · 94 accts
2022$1.9M · 152 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,509
Total administrative$24,509
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$15,661

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

Administrative cost history2
2023$24,509 · 1.19%
2022$16,888 · 0.87%
Similar plansConstruction · California
Mayacama Golf Club, LLC CA$2.4M · 0.46%
Leonard Roofing, Inc. CA$2.4M · 0.03%
Diablo Plumbing, Inc. CA$2.3M · 1.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330832592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.