2023 Form 5500 filing — Life Time And Its Affiliates 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008085847NAL0009489811001) for Life Time And Its Affiliates 401(K) Plan, reported by Life Time, Inc. under EIN 41-1689746 and plan number 001. It reports 25,530 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008085847NAL0009489811001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Life Time, Inc.
- EIN
- 41-1689746
- Plan number
- 001
- Location
- Chanhassen, MN
- Participants
- 25,530
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $276,863,979
- Total liabilities (EOY)
- $70,021
- Net assets (EOY)
- $276,793,958
- Employer contributions
- $0
- Participant contributions
- $29,690,833
- Total income / additions
- $77,593,493
- Benefits paid
- $24,281,787
- Administrative expenses
- $807,962
- Total expenses
- $25,172,428
- Net increase / (decrease)
- $52,421,065
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $525,716 | $0 |
| Cbiz Investment Advisory Services | ADVISOR | $233,172 | not reported in the loaded dataset |
| Deloitte & Touche Llp | ACCOUNTANT/AUDITOR | $37,768 | not reported in the loaded dataset |