# Lift, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lift-inc-401k-plan-001-4915

> Lift, INC.'s 401(k) plan: 427 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

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

- **Sponsor EIN:** 232574915

- **Sponsor Address:** 3745 HEMPLAND ROAD, MOUNTVILLE, PA, 175541545

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

- **Total Participants:** 427

- **Total Assets:** $36.0M

## 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|427|$36.0M|$888,403|$2.1M|

| 2023|398|$31.9M|$809,552|$1.9M|

| 2022|356|$27.5M|$697,552|$1.5M|

## 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|

| FULTON BANK, N.A.|NONE|$124,249|—|$124,249|

| RKL|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RKL](https://planprovider.pro/provider/rkl-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $124,249

- **Estimated Expense Ratio:** 0.345% 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|$124,249|$110,518|—|—|—|

| 2023|$122,571|$98,828|—|$10,500|—|

| 2022|$112,963|$104,463|—|—|$8,500|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lift-inc-401k-plan-001-4915)

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