Lifting Gear Hire 401(k) match, vesting and fees
What Lifting Gear Hire'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 | July Business Services LLC | Schedule C ↗ |
| Independent auditor | Wipfli 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 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Lifting Gear Hire: employer contribution per participant | $4,008 | |
| Peer median | $1,803 |
| Lifting Gear Hire: average balance | $94,084 | |
| Peer median | $48,934 |
| Lifting Gear Hire: admin expenses ÷ assets | 0.45% | |
| Peer median | 0.31% |
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 $17M at the end of plan year 2021 to $21.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 262 | $21.7M | $926K | $4,008 | 0.45% | Not published | Form 5500 ↗ |
| 2023 | 237 | $19.5M | $786K | $3,813 | 0.40% | Not published | Form 5500 ↗ |
| 2022 | 226 | $17M | $665K | $3,463 | 0.42% | Not published | Form 5500 ↗ |
| 2021 | 234 | $17M | $636K | $3,247 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Lifting Gear Hire match 401(k) contributions?
The match terms for the Lifting Gear Hire Corporation 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $926K in employer contributions, about $4,008 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Lifting Gear Hire 401(k) match vested?
The vesting schedule for the Lifting Gear Hire Corporation 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Lifting Gear Hire 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is July Business Services LLC. The plan administrator is Lifting Gear Hire Corporation.
I left Lifting Gear Hire. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lifting Gear Hire Corporation, (708) 598-4727) or the recordkeeper, July Business Services LLC. The Lifting Gear Hire old 401(k) page lists the contacts from every plan filing. Find an old Lifting Gear Hire 401(k)
Data from the public Form 5500 annual reports Lifting Gear Hire filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Lifting Gear Hire. Not financial advice. Report a correction · Methodology