Plan Ledger DOL Form 5500 · updated monthly

Lift Solutions, Inc.401(k)

LIFT SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Lift Solutions, Inc. reported $90,367 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,906 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 fell from 1.07% to 0.90%. 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 among the smaller plans on file in Nebraska (351st of 565), and 2,769th of 4,246 in wholesale trade. In 2024, employees put in $2.69 for every $1.00 the employer contributed; active participation has grown from 143 to 167 since 2022.

Plan summary
Net assets, end of year$11,139,362
Participants with balances122
Active participants167
Employer contributions$318,307
Employee contributions$857,168
Employer contribution per active participant$1,906
Average account balance$91,306
Benefits paid to participants$519,099
Plan auditUnmodified (clean) audit opinion
AuditorDEBOER & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 122 accts · $318K emplr
2023$8.9M · 125 accts · $301K emplr
2022$6.8M · 121 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,500
Investment management$2,060
Trustee / custodial$84,807
Total administrative$90,367
The Lift Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$1,906
Median for plans this size$2,416
2024$1,906 per active participant
2023$1,927 per active participant
2022$1,953 per active participant

Lift Solutions, Inc.'s 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$4,502
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$2,061

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$90,367 · 0.90%
2023$86,864 · 1.10%
2022$78,341 · 1.07%
Same employer
Similar plansWholesale Trade · Nebraska
Voss Electric Company NE$14.6M · 0.32%
Bosselman Energy, Inc. NE$12.7M · 0.65%
Westin Inc. NE$11.2M · 0.33%
Allied Oil & Tire Company NE$7.0M · 0.48%
Toba, Inc. NE$6.3M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470591797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.