Plan Snapshot
- Plan Sponsor: Lifescape
- Sponsor EIN: 465151247
- Sponsor Address: 2501 W 26TH STREET, SIOUX FALLS, SD, 57105
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,091
- Total Assets: $42.4M
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 | 1,091 | $42.4M | $1.0M | $2.9M |
| 2023 | 1,041 | $38.3M | $838,833 | $2.4M |
| 2022 | 1,018 | $33.1M | $789,057 | $2.1M |
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 |
|---|---|---|---|---|
| FIRST BANK & TRUST | Other Service Provider | $101,991 | — | $101,991 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,991
- Estimated Expense Ratio: 0.241% 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 |
|---|---|---|---|---|---|
| 2024 | $101,991 | — | $101,991 | — | — |
| 2023 | $86,534 | — | $86,534 | — | — |
| 2022 | $69,047 | — | $69,047 | — | — |