# Lifebanc, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lifebanc-inc-plan

> Lifebanc, INC.&#39;s 401(k) plan: 179 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lifebanc, INC.

- **Sponsor EIN:** 341525159

- **Sponsor Address:** 4774 RICHMOND ROAD, CLEVELAND, OH, 44128

- **Plan Type:** 401(k)

- **Total Participants:** 179

- **Total Assets:** $17.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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.|

| 2024|179|$17.2M|$910,593|$869,764|

| 2023|183|$13.9M|$748,627|$760,823|

| 2022|149|$11.6M|$616,090|$532,371|

## 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|

| CIUNI & PANICHI, INC.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|

| 2024|$54,461|$18,869|$35,592|—|—|

| 2023|$45,985|$13,961|$32,024|—|—|

| 2022|$55,285|$6,223|$47,494|—|$1,568|

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