Lifestream, Inc. 401(k) Review & Grade
401(k) Profit Sharing Plan for Employees of Lifestream, Inc.
New Bedford, MAHealth Care & Social Assistance636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$505Employer $ per active participant
$865Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$11.9MNet plan assets, end of year
$31,190Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 91th |
| Employee saving | 19th |
| 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
- Lifestream put in about $505 per active participant, below the typical peer ($976). 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 | $321,490 |
| Participant (employee) contributions | $550,259 |
| Other contributions (incl. rollovers in) | $289,057 |
| Administrative expenses paid from the plan | $4,140 |
| Other admin expenses | $4,140 |
| Benefits paid out | $354,108 |
| Net assets, start / end of year | $9.9M / $11.9M |
| Active participants, start / end of year | 657 / 616 |
| Participants with account balances | 381 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $6,124 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260410093651NAL0008086771001, received 2026-04-10, EIN 04-2743314, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.