Lifeworks (US) LTD. 401(k) Review & Grade
Lifeworks (US) LTD. 401(k) Savings Plan
Atlanta, GAProfessional, Scientific & Technical Services1,255 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,543Employer $ per active participant
$4,789Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$98.9MNet plan assets, end of year
$67,122Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 43th |
| Employee saving | 25th |
| Peers that auto-enroll | 48% |
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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
- Lifeworks (US) put in about $2,543 per active participant, below the typical peer ($3,082). 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.
- 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 | $3,191,046 |
| Participant (employee) contributions | $6,010,168 |
| Other contributions (incl. rollovers in) | $954,763 |
| Administrative expenses paid from the plan | $259,053 |
| Investment advisory & management fees | $26,357 |
| Benefits paid out | $9,924,619 |
| Net assets, start / end of year | $86.9M / $98.9M |
| Active participants, start / end of year | 1,356 / 1,154 |
| Participants with account balances | 1,474 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett,llc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $220,196 reported compensation |
| Cambridge Investment Research Inc | $26,357 reported compensation |
| Warren Averett LLC | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904134306NAL0027504528001, received 2025-09-04, EIN 52-1883918, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.