Plan Snapshot
- Plan Sponsor: Betterlife
- Sponsor EIN: 420594470
- Sponsor Address: 6522 GRAND TETON PLAZA, MADISON, WI, 537011527
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 101
- Total Assets: $17.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 101 | $17.7M | $0 | $0 |
| 2024 | 60 | $18.3M | $434,617 | $530,549 |
| 2023 | 63 | $19.0M | $390,754 | $554,617 |
| 2022 | 78 | $17.7M | $441,374 | $552,309 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ONEAMERICA RETIREMENT SERVICES LLC | Other Service Provider | $17,223 | — | $17,223 |
| PARK CAPITAL MANAGEMENT | Other Service Provider | $14,466 | — | $14,466 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,689
- Estimated Expense Ratio: 0.179% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $3,712,722 | $14,466 | $1,432 | — | — |
| 2024 | $35,813 | $7,830 | — | — | — |
| 2023 | $33,802 | $2,875 | — | — | — |
| 2022 | $2,708,003 | — | — | — | — |