Life University, Inc. 401(k) Review & Grade
Life University, Inc. 401(k) Savings Plan
Marietta, GAEducational Services714 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$836Employer $ per active participant
$3,210Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$41.0MNet plan assets, end of year
$58,707Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 97th |
| Employee saving | 60th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,821 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Life University put in about $836 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $596,549 |
| Participant (employee) contributions | $2,290,031 |
| Other contributions (incl. rollovers in) | $228,101 |
| Administrative expenses paid from the plan | $5,934 |
| Contract administrator fees | $5,934 |
| Benefits paid out | $5,824,557 |
| Net assets, start / end of year | $39.2M / $41.0M |
| Active participants, start / end of year | 633 / 794 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $5,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260630152941NAL0010744531001, received 2026-06-30, EIN 58-1216007, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.