Life Time 401(k) match, vesting and fees
What Life Time's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 20 defined-contribution plans in arts, entertainment, and recreation with 5,000 to 9,999 participants.
| Life Time: employer contribution per participant | $626 | |
| Peer median | $1,321 |
| Life Time: average balance | $40,116 | |
| Peer median | $44,883 |
| Life Time: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $277M at the end of plan year 2023 to $332M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 43,612 | $332M | $5.2M | $626 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 29,211 | $277M | $0 | $0 | 0.32% | Not published | Form 5500 ↗ |
Common questions
Does Life Time match 401(k) contributions?
The match terms for the Life Time and Its Affiliates 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $5.2M in employer contributions, about $626 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Life Time 401(k) match vested?
The vesting schedule for the Life Time and Its Affiliates 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Life Time 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Life Time, Inc..
I left Life Time. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Life Time, Inc., (952) 947-0000) or the recordkeeper, Fidelity Investments Institutional. The Life Time old 401(k) page lists the contacts from every plan filing. Find an old Life Time 401(k)
Data from the public Form 5500 annual reports Life Time filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Life Time. Not financial advice. Report a correction · Methodology