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

> Lifemd, INC's 401(k) plan: 242 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lifemd, INC

- **Sponsor EIN:** 760238453

- **Sponsor Address:** 236 5TH AVE, NEW YORK, NY, 10001

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

- **Total Participants:** 242

- **Total Assets:** $4.7M

## 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.|

| 2024|242|$4.7M|$639,585|$1.2M|

| 2023|186|$2.7M|$526,131|$883,077|

| 2022|179|$1.2M|$381,718|$694,548|

## 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|

| STOWE & DEGON, LLC|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|$49,585|$17,937|$31,648|—|—|

| 2023|$34,143|$8,580|$25,563|—|—|

| 2022|$11,303|$2,442|$8,861|—|—|

## Similar Plans

- [Luxury Optical Holdings, Co.](https://planprovider.pro/companies/luxury-optical-holdings-co-401k-plan) — 160 participants

- [Pair Eyewear INC](https://planprovider.pro/companies/pair-eyewear-inc-plan) — 129 participants

- [Better Vision Optical Corp.](https://planprovider.pro/companies/better-vision-optical-corp-401k-plan) — 2 participants

- [Essilorluxottica Usa INC](https://planprovider.pro/companies/essilorluxottica-usa-inc-401k-plan-025) — 3,325 participants

- [Essilorluxottica Usa INC.](https://planprovider.pro/companies/essilorluxottica-usa-inc-plan-002) — 3,942 participants

- [Warby Parker INC.](https://planprovider.pro/companies/warby-parker-inc-401k-plan) — 4,145 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lifemd-inc-401k-plan)

© 2026 PlanProvider.Pro