Lifeline Medical Associates, LLC 401(k) Review & Grade
Lifeline Medical Associates, LLC Cash Or Deferred Profit Sharing Plan
Florham Park, NJHealth Care & Social Assistance593 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,675Employer $ per active participant
$6,608Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$113.1MNet plan assets, end of year
$182,190Average balance per account
Score breakdown
- Employer generosity45.2 / 5090th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 88th |
| Employee saving | 91th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lifeline Medical Associates put in about $4,675 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $2,772,324 |
| Participant (employee) contributions | $3,918,300 |
| Other contributions (incl. rollovers in) | $1,673,207 |
| Administrative expenses paid from the plan | $53,599 |
| Investment advisory & management fees | $2,966 |
| Benefits paid out | $13,889,921 |
| Net assets, start / end of year | $103.9M / $113.1M |
| Active participants, start / end of year | 533 / 653 |
| Participants with account balances | 621 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Nisivoccia LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $50,858 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929080747NAL0017522178001, received 2025-09-29, EIN 94-3283324, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.