Plan Ledger DOL Form 5500 · updated monthly

Lifewell Behavioral WellnessDC plan

403(B) THRIFT PLAN OF LIFEWELL BEHAVIORAL WELLNESS · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Lifewell Behavioral Wellness reported $6,087 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $582 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 0.03% to 0.06%. 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 the 591st-largest of 1,285 plans among Arizona employers on file, and the 5,708th of 11,911 in health care & social assistance. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has shrunk from 531 to 443 since 2022.

Plan summary
Net assets, end of year$9,974,059
Participants with balances402
Active participants443
Employer contributions$257,796
Employee contributions$605,689
Employer contribution per active participant$582
Average account balance$24,811
Benefits paid to participants$1,822,221
Plan auditUnmodified (clean) audit opinion
AuditorFESTER & CHAPMAN, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 402 accts · $258K emplr
2023$9.8M · 708 accts · $268K emplr
2022$8.4M · 713 accts · $292K emplr
Employer contributions to the Lifewell Behavioral Wellness plan · 2024
Employer contribution per active participant$582
Median for plans this size$1,313
2024$582 per active participant
2023$490 per active participant
2022$550 per active participant

Lifewell Behavioral Wellness'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$7,825

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,087 · 0.06%
2023$2,537 · 0.03%
2022$2,622 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Child Crisis Arizona AZ$10.9M · 0.93%
Gila Health Resources, LLC AZ$10.1M · 0.59%
People of Faith Inc. AZ$10.0M · 0.26%
Millenium Vision, Inc. AZ$9.7M · 0.76%
The Joint Corp. AZ$9.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860292390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.