Retirement plan

LIFETIME ASSISTANCE, INC. EMPLOYEE RETIREMENT PLAN

Name: LIFETIME ASSISTANCE, INC. - LIFETIME ASSISTANCE, INC. EMPLOYEE RETIREMENT PLAN (2023) Form 5500
Creator: LIFETIME ASSISTANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFETIME ASSISTANCE, INC. EMPLOYEE RETIREMENT PLAN, LIFETIME ASSISTANCE, INC.

LIFETIME ASSISTANCE, INC.EIN 22-2221158Plan #002PY 2023

425 PAUL ROAD - ROCHESTER, NY 146244721585-426-4120lifetimeassistance.orgLinkedIn1001-5000 employeesnon-profit organization management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$31.7M

+14.4% from 2022

Total participants

1,634

-8.6% from 2022

Average account balance

$30,765

+38.4% from 2022

Annual return

16.59%

+31.38 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$33.44M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,043

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$130

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP9+ years Filed as: BURKE GROUP Service code 50 · EIN 80-0688755	Direct Payment	$120,428
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP Service code 19 · EIN 27-2037969	Securities Custodian	$8,223

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$129K

$93 / participant

Contract admin$129K100.0%

% of EOY assets

0.405%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO. LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,765

$52,960-41.9%

$86,656-64.5%

$80,169-61.6%

Participation rate

56.4%

62.4%-6.0pp

71.7%-15.3pp

72.9%-16.5pp

Annual return

16.59%

24.84%-8.3pp

593.09%-576.5pp

40.39%-23.8pp

Employer contribution / active EE

$1,080

$2,138-49.5%

$3,025-64.3%

$2,978-63.7%

Participant deferral / active EE

$3,226-100.0%

$4,439-100.0%

$5,016-100.0%

Admin fee / account holder

$125

$113+10.2%

$5,619-97.8%

$145-14.0%

Provider

Service type

Compensation

USI CONSULTING GROUP9+ years

Filed as: BURKE GROUP

Service code 50 · EIN 80-0688755

Direct Payment

$120,428

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP

Service code 19 · EIN 27-2037969

Securities Custodian

$8,223

LIFETIME ASSISTANCE, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFETIME ASSISTANCE, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion