# Lifeway Foods, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lifeway-foods-inc-401k-plan

> Lifeway Foods, INC.'s 401(k) plan: 290 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/aspire-financial-services) — INVESTMENT ADVISORY

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [FGMK LLC](https://planprovider.pro/provider/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|—|—|—|—|

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