401k Record

Employers › Lifesize

Lifesize 401(k)

Recordkeeping fees per participant · Lifesize, Inc. 401(k) Plan · plan year 2023

$402.55

Higher than 89% of the 449 plans under $1M that report it.

Source

= $13,284 / 33
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240829110121NAL0024270752001, received 2024-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240829110121NAL0024270752001, received 2024-08-29

10th: $3.63median $29.3490th: $512.20

Percentiles compare this plan with the Schedule H plans under $1M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-08-29.

Cost and contributions

Administrative expenses excluding investment management, per participant

$402.55

10th: $5.71median $43.2190th: $1,048.57

Higher than 86% of the 869 plans under $1M that report it.

Source

= $13,284 / 33
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240829110121NAL0024270752001, received 2024-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240829110121NAL0024270752001, received 2024-08-29

Administrative expenses per participant

$2,348.42

10th: $2.51median $40.3290th: $925.14

Higher than 92% of the 1,003 plans under $1M that report it.

Source

= $77,498 / 33
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240829110121NAL0024270752001, received 2024-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240829110121NAL0024270752001, received 2024-08-29

Administrative expenses as a share of assets

8.511%

10th: 0.154%median 1.286%90th: 71.044%

Higher than 84% of the 1,045 plans under $1M that report it.

Source

= $77,498 / $910,547
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240829110121NAL0024270752001, received 2024-08-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240829110121NAL0024270752001, received 2024-08-29

Employer contributions per participant

$13,632

10th: $104median $46590th: $3,041

Higher than 94% of the 580 plans under $1M that report it.

Source

= $449,844 / 33
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240829110121NAL0024270752001, received 2024-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240829110121NAL0024270752001, received 2024-08-29

Employer share of total contributions

52.6%

10th: 10.6%median 30.9%90th: 47.7%

Higher than 92% of the 610 plans under $1M that report it.

Source

= $449,844 / $855,343
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240829110121NAL0024270752001, received 2024-08-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240829110121NAL0024270752001, received 2024-08-29

Plan terms, as stated in Lifesize, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20240829110121NAL0024270752001, received 2024-08-29

Full record, Lifesize, Inc. 401(k) Plan

FieldValueSource
Plan sponsorLIFESIZE, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20240829110121NAL0024270752001, received 2024-08-29
Plan nameLIFESIZE, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20240829110121NAL0024270752001, received 2024-08-29
Sponsor EIN / plan number47-2105803 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20240829110121NAL0024270752001, received 2024-08-29
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20240829110121NAL0024270752001, received 2024-08-29
Sponsor locationMCALLEN, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20240829110121NAL0024270752001, received 2024-08-29
Industry (business code)561490, Administrative and support and waste management servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20240829110121NAL0024270752001, received 2024-08-29
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20240829110121NAL0024270752001, received 2024-08-29
Filing received2024-08-29Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20240829110121NAL0024270752001, received 2024-08-29
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20240829110121NAL0024270752001, received 2024-08-29
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20240829110121NAL0024270752001, received 2024-08-29
Participants, beginning of year335Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20240829110121NAL0024270752001, received 2024-08-29
Active participants0Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20240829110121NAL0024270752001, received 2024-08-29
Participants, end of year33Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20240829110121NAL0024270752001, received 2024-08-29
Participants with an account balance33Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240829110121NAL0024270752001, received 2024-08-29
Total assets, beginning of year$20,694,481Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20240829110121NAL0024270752001, received 2024-08-29
Total assets, end of year$910,547Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240829110121NAL0024270752001, received 2024-08-29
Net assets, end of year$910,547Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20240829110121NAL0024270752001, received 2024-08-29
Total income$2,897,573Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20240829110121NAL0024270752001, received 2024-08-29
Net income$-19,783,934Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20240829110121NAL0024270752001, received 2024-08-29
Employer contributions$449,844Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240829110121NAL0024270752001, received 2024-08-29
Participant contributions$405,499Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20240829110121NAL0024270752001, received 2024-08-29
Total contributions$855,343Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240829110121NAL0024270752001, received 2024-08-29
Benefit payments$22,604,009Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20240829110121NAL0024270752001, received 2024-08-29
Total expenses (incl. benefit payments)$22,681,507Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20240829110121NAL0024270752001, received 2024-08-29
Total administrative expenses$77,498Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240829110121NAL0024270752001, received 2024-08-29
Recordkeeping fees$13,284Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240829110121NAL0024270752001, received 2024-08-29
Investment advisory and management fees$64,214Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20240829110121NAL0024270752001, received 2024-08-29
Administrative expenses excluding investment management$13,284derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240829110121NAL0024270752001, received 2024-08-29
Held in mutual funds$910,322Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20240829110121NAL0024270752001, received 2024-08-29
Independent auditorLAW OFFICE OF MATTHEW J. BORRORSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20240829110121NAL0024270752001, received 2024-08-29

Position = column in the DOL layout for form year 2023. Filing 20240829110121NAL0024270752001, received 2024-08-29.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
SCHWAB RETIREMENT PLAN SERVICES, INrecordkeeperNONE 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees $46,960no
MERCER INVESTMENT MANAGEMENTNONE 28 Investment management; 50 Direct payment from the plan $3,588no
CHARLES SCWHAB & CO., INC.NONE 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees $184yes

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 20240829110121NAL0024270752001, received 2024-08-29.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

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Sponsor name as filed: LIFESIZE, INC.; SEC registrant: Lifesize, Inc. (CIK 1663452, matched by EIN).