Retirement plan

LIFEWAY MOBILITY 401(K) PROFIT SHARING PLAN

Name: LIFEWAY MOBILITY HOLDING, LLC - LIFEWAY MOBILITY 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: LIFEWAY MOBILITY HOLDING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFEWAY MOBILITY 401(K) PROFIT SHARING PLAN, LIFEWAY MOBILITY HOLDING, LLC

LIFEWAY MOBILITY HOLDING, LLCEIN 47-4807209Plan #001PY 2023

40A WESTON ST. - HARTFORD, CT 06120847-403-0120lifewaymobility.comLinkedIn51-200 employeesmedical devices

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.1M

+50.8% from 2022

Total participants

265

+14.2% from 2022

Average account balance

$21,660

+55.6% from 2022

Annual return

28.98%

+44.25 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.58M

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.

177

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.

56.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 4 by compensation

Provider	Service type	Compensation
US REAL ESTATE INVESTMENT FUND LLC1 year Filed as: M&N REAL ESTATE 500 ROSS STREET Service code 60 500 ROSS STREET · PITTSBURG, PA 152534426	Sub-TA Fees	$0
PARNASSUS VAL EQ1 year Service code 60 · EIN 31-1663521	Sub-TA Fees	$0
PIMCO FUNDS1 year Filed as: PIM INTL BD Service code 60 2000 CROWN COLONY DRIVE · QUINCY, MA 02169	Sub-TA Fees	$0
CORE CAPITAL SOLUTIONS1 year Filed as: WA CORE PLUS BOND R Service code 60 · EIN 94-3167260	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$13K

$55 / participant

Recordkeeping$10K74.9%
Investment mgmt$3K25.1%

% of EOY assets

0.328%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE, LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,660

$61,338-64.7%

$149,717-85.5%

$71,495-69.7%

Participation rate

69.3%

62.5%+6.7pp

78.8%-9.5pp

67.9%+1.3pp

Annual return

28.98%

35.86%-6.9pp

134.41%-105.4pp

28.85%+0.1pp

Employer contribution / active EE

$1,287

$2,381-46.0%

$4,820-73.3%

$2,589-50.3%

Participant deferral / active EE

$3,391

$2,919+16.2%

$5,682-40.3%

$4,291-21.0%

Admin fee / account holder

$71

$1,263-94.4%

$13,213-99.5%

$1,588-95.5%

Provider

Service type

Compensation

US REAL ESTATE INVESTMENT FUND LLC1 year

Filed as: M&N REAL ESTATE 500 ROSS STREET

Service code 60

500 ROSS STREET · PITTSBURG, PA 152534426

Sub-TA Fees

PARNASSUS VAL EQ1 year

Service code 60 · EIN 31-1663521

Sub-TA Fees

PIMCO FUNDS1 year

Filed as: PIM INTL BD

Service code 60

2000 CROWN COLONY DRIVE · QUINCY, MA 02169

Sub-TA Fees

CORE CAPITAL SOLUTIONS1 year

Filed as: WA CORE PLUS BOND R

Service code 60 · EIN 94-3167260

Sub-TA Fees

LIFEWAY MOBILITY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFEWAY MOBILITY 401(K) PROFIT SHARING 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