Plan Snapshot
- Plan Sponsor: Lifeway Foods, INC.
- Sponsor EIN: 363442829
- Sponsor Address: 6431 WEST OAKTON STREET, MORTON GROVE, IL, 60053
- Plan Type: 401(k)
- Total Participants: 290
- Total Assets: $15.0M
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 | 290 | $15.0M | $653,706 | $1.0M |
| 2023 | 281 | $12.8M | $511,757 | $1.0M |
| 2022 | 267 | $10.3M | $445,895 | $941,935 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC. | INVESTMENT ADVISORY | $33,860 | — | $33,860 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $22,569 | — | $22,569 |
| FGMK LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC. — INVESTMENT ADVISORY
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- FGMK LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,429
- Estimated Expense Ratio: 0.377% 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 | $56,429 | $33,860 | — | — | — |
| 2023 | $34,841 | $14,097 | — | — | — |
| 2022 | $3,954 | — | — | — | — |