Employers › Life Time
Recordkeeping fees per participant · Life Time and Its Affiliates 401(k) Plan · plan year 2024
$63.80
Higher than 70% of the 1,697 plans $250M to 1B that report it.
= $528,051 / 8,277
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251003110149NAL0001298209001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003110149NAL0001298209001, received 2025-10-03
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-03.
Administrative expenses excluding investment management, per participant
$65.82
Higher than 48% of the 2,324 plans $250M to 1B that report it.
= $544,821 / 8,277
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251003110149NAL0001298209001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003110149NAL0001298209001, received 2025-10-03
Administrative expenses per participant
$99.74
Higher than 59% of the 2,405 plans $250M to 1B that report it.
= $825,566 / 8,277
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003110149NAL0001298209001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003110149NAL0001298209001, received 2025-10-03
Administrative expenses as a share of assets
0.249%
Higher than 96% of the 2,407 plans $250M to 1B that report it.
= $825,566 / $332,127,417
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003110149NAL0001298209001, received 2025-10-03
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251003110149NAL0001298209001, received 2025-10-03
Employer contributions per participant
$626
Higher than 5% of the 2,457 plans $250M to 1B that report it.
= $5,184,981 / 8,277
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003110149NAL0001298209001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003110149NAL0001298209001, received 2025-10-03
Employer share of total contributions
12.2%
Higher than 5% of the 2,459 plans $250M to 1B that report it.
= $5,184,981 / $42,487,919
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003110149NAL0001298209001, received 2025-10-03
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251003110149NAL0001298209001, received 2025-10-03
Plan terms are described in Life Time, Inc.'s SEC filings: Form 10-K filed 2015-03-02. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251003110149NAL0001298209001, received 2025-10-03
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LIFE TIME, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Plan name | LIFE TIME AND ITS AFFILIATES 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Sponsor EIN / plan number | 41-1689746 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Sponsor location | CHANHASSEN, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Industry (business code) | 713900, Arts, entertainment, and recreation | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Filing received | 2025-10-03 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Participants, beginning of year | 29,211 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Active participants | 41,362 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Participants, end of year | 43,612 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Participants with an account balance | 8,277 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total assets, beginning of year | $276,863,979 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total assets, end of year | $332,127,417 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Net assets, end of year | $332,042,125 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total income | $83,940,868 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Net income | $55,248,167 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Employer contributions | $5,184,981 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Participant contributions | $33,655,180 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Other contributions (incl. rollovers) | $3,647,758 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total contributions | $42,487,919 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Benefit payments | $27,862,068 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total expenses (incl. benefit payments) | $28,692,701 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Total administrative expenses | $825,566 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Contract administrator fees | $1,500 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Recordkeeping fees | $528,051 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Investment advisory and management fees | $280,745 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Administrative expenses excluding investment management | $544,821 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Held in common/collective trusts | $5,078,529 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Held in mutual funds | $311,365,738 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251003110149NAL0001298209001, received 2025-10-03 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251003110149NAL0001298209001, received 2025-10-03 |
Position = column in the DOL layout for form year 2024. Filing 20251003110149NAL0001298209001, received 2025-10-03.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $529,978 | yes |
| CBIZ INVESTMENT ADVISORY SERVICES | ADVISOR | 27 Investment advisory (plan) | $280,745 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251003110149NAL0001298209001, received 2025-10-03.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $276,863,979 | $332,127,417 | 20.0% |
| Participants with a balance | 7,478 | 8,277 | 10.7% |
| Administrative expenses | $807,962 | $825,566 | 2.2% |
| Recordkeeping fees per participant | $70.04 | $63.80 | -8.9% |
| Employer contributions | $0 | $5,184,981 |
Prior filing 20241008085847NAL0009489811001, received 2024-10-08; the plan years are contiguous.
Sponsor name as filed: LIFE TIME, INC.; SEC registrant: LIFE TIME FITNESS, INC. (CIK 1076195, matched by EIN).