Plan Ledger DOL Form 5500 · updated monthly

Lifeway Mobility Holding, LLC401(k)

LIFEWAY MOBILITY 401(K) PROFIT SHARING PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Lifeway Mobility Holding, LLC reported $38,291 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $1,457 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 0.40% to 0.79%. 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 Connecticut (891st of 1,106), and 7,589th of 11,911 in health care & social assistance. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 189 to 274 since 2022.

Plan summary
Net assets, end of year$5,584,598
Participants with balances177
Active participants274
Employer contributions$399,090
Employee contributions$910,401
Employer contribution per active participant$1,457
Average account balance$31,551
Benefits paid to participants$422,261
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 177 accts · $399K emplr
2023$4.1M · 190 accts · $314K emplr
2022$2.7M · 196 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,109
Investment management$12,182
Total administrative$38,291
The Lifeway Mobility Holding, LLC 401(k) match · 2024
Employer contribution per active participant$1,457
Median for plans this size$1,313
2024$1,457 per active participant
2023$1,287 per active participant

Lifeway Mobility Holding, LLC's 2024 employer contribution ran above the $1,313 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.

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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,109
THE PATRIOT FINANCIAL GROUP · Investment advisory (plan)$10,055

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

Administrative cost history3
2024$38,291 · 0.79%
2023$13,493 · 0.39%
2022$10,557 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Jerome Home CT$6.0M · 0.53%
Rma Long Island Ivf, PLLC CT$5.9M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474807209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.