Plan Ledger DOL Form 5500 · updated monthly

Live Well Financial Inc.401(k)

LIVE WELL FINANCIAL INC. 401(K) PROFIT SHARING PLAN & TRUST · WILMINGTON, DE · plan year 2019

Reported admin expense ratio · 2019
5.17%

Live Well Financial Inc. reported $47,154 in plan administrative expenses for 2019: 5.17% 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 3 years on file its reported administrative ratio rose from 5.17% to 12.56%. The plan sits in the under $1M size bracket, benchmarked here against 102 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Delaware (237th of 242), and 4,762nd of 4,798 in finance & insurance. In 2019, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$358,832
Participants with balances—
Active participants0
Employer contributions$65,481
Employee contributions$136,495
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$1,523,312
Plan auditUnmodified (clean) audit opinion
AuditorSEE ATTACHED REASONABLE CAUSE
Plan history3
Yearassets · accounts · employer contribution
2022$258 · 2 accts
2020$309K · 133 accts
2019$359K · $65K emplr
Administrative expenses, itemized · 2019
Recordkeeping & contract admin$47,154
Total administrative$47,154
What these fees cost you

Annual cost at the plan's reported 2019 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2022$22,150 · 12.56%
2020$1,874 · 0.56%
2019$47,154 · 5.17%
Similar plansFinance & Insurance · Delaware
County Bank DE$12.6M · 0.23%
Rath Incorporated DE$5.4M · 0.33%
Hcf Insurance Agency CA$386K · 0.75%
Intellihartx, LLC OH$367K · 3.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202752826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.