Plain-English plan 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, Lift, Inc. Employee 401(K) Incentive Savings & Psp is a benefit plan reported by Lift, Inc. under EIN 23-2574915 and plan number 001. The latest loaded filing year is 2023. The filing reports 490 participants and $31,889,392 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,889,392
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,889,392
- Net assets (BOY)
- $27,500,974
Income & contributions
- Employer contributions
- $809,552
- Participant contributions
- $1,853,248
- Total contributions
- $2,793,567
- Total income / additions
- $7,783,051
Expenses & distributions
- Benefits paid
- $3,272,062
- Administrative expenses
- $122,571
- Total expenses
- $3,394,633
- Net increase / (decrease)
- $4,388,418