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Retirement plan

LIFESPAN CORPORATION RETIREMENT PLAN

LIFESPAN CORPORATIONEIN 22-2861978Plan #001PY 2022
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167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
2 filings
#002Retirement-$1.03B assets#005Retirement-$681.7M assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 444-5265
How to read this page

Summary metrics

Total assets (EOY)
$464M
-6.3% from 2016
Total participants
14,023
-2.7% from 2016
Average account balance
$0
No prior year
Annual return
-21.67%
-8.05 pp from 2016

Benchmarks

See 169 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort169 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$2,957
median $6,355
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-21.67%
median -14.53%
Overall peer rank
20th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$537.66M
Average account balance
Total assets / participants with a balance (line 6g)
$41K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,571
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$31.92M
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.62%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 16 by compensation
ProviderService typeCompensation
CAMBRIDGE ASSOCIATES, LLC8+ years
Service code 51 · EIN 56-2457107
Investment Mgmt Fees
$654,571
MERCER8+ years
Service code 11 · EIN 13-2836900
Actuarial
$579,249
INCOME RESEARCH & MANAGEMENT8+ years
Service code 51 · EIN 04-2955404
Investment Mgmt Fees
$285,356
STATE STREET BANK & TRUST COMPANY8+ years
Service code 21 · EIN 04-1867445
Bank Trustee
$187,901
SCHRODERS INVESTMENT MANAGEMENT LTD4 years
Service code 51 · EIN 13-4064414
Investment Mgmt Fees
$138,542
HS MANAGEMENT PARTNERS8+ years
Service code 51 · EIN 26-0335469
Investment Mgmt Fees
$127,437
EDGBASTON INVESTMENT PARTNERS, LLP8+ years
Service code 51
Investment Mgmt Fees
$119,963
POLEN CAPITAL MANAGEMENT, LLC4 years
Service code 51 · EIN 26-0319356
Investment Mgmt Fees
$116,838
VULCAN VALUE PARTNERS8+ years
Service code 51 · EIN 39-2051712
Investment Mgmt Fees
$116,039
ARROW STREET INTL ACWI EX US FD1 year
Service code 51 · EIN 04-3472863
Investment Mgmt Fees
$81,981

Enrolled actuary

1 attachment
SB

STEPHANIE COWLEY, FSA, MAAA

MERCER
Enrollment #2304553
99 HIGH STREET
BOSTON, MA 02110
(617) 747-9500
Signed 2023-10-03

Top hat statement on fileNQDC

Filed September 11, 2012 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1C1F3H
Plan features
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1F
    Section 414(k) arrangement
    Benefits are based partly on the balance of the separate account of the participant. Must also include appropriate defined contribution pension feature codes.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$9.2M
$1232 / participant
  • Other / not subdivided$9M100.0%
% of EOY assets
1.975%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MARCUM LLP
Auditor EIN
111986323
Audit fees
(not subdivided)
Opinion code
Unqualified