How much does Lift, Inc. contribute to its ESOP?

In 2024, employer contributions to the Lift, Inc. plan averaged $15,349 per active participant, above the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Lift, Inc. 401(k)?

The average participant account balance was $93,082 for plan year 2024, based on 440 accounts.

Lift, Inc.ESOP

Name: Lift, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LIFT, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MOUNTVILLE, PA · plan year 2024

Employer contribution per participant · 2024

$15,349

Lift, Inc.'s 2024 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 $40,956,248 across 440 participant accounts, with employer contributions averaging $15,349 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 939th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,006th of 4,246 in wholesale trade. active participation has grown from 276 to 343 since 2022.

Plan summary
Net assets, end of year$40,956,248
Participants with balances440
Active participants343
Employer contributions$5,264,542
Employee contributions—
Employer contribution per active participant$15,349
Average account balance$93,082
Benefits paid to participants$280,098
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP

Plan history3

Yearassets · accounts · employer contribution

2024$41.0M · 440 accts · $5.3M emplr

2023$17.7M · 388 accts · $4.8M emplr

2022$497K · 318 accts · $4.5M emplr

Employer contributions to the Lift, Inc. plan · 2024

Employer contribution per active participant$15,349

Median for plans this size$2,416

2024$15,349 per active participant

2023$14,933 per active participant

2022$16,244 per active participant

Lift, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

Recordkeeper by year2

2024FULTON BANK, N.A.

2023FULTON BANK, N.A.

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

Administrative cost history3

2024Not separately reported

2023$380 · 0.00%

2022Not separately reported

All plans at this employer2

LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP401(k)

LIFT, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Lift, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 232574915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.