Retirement plan
LIFESPAN CORPORATION 403(B)RETIREMENT PLAN
LIFESPAN CORPORATIONEIN 22-2861978Plan #002PY 2016
167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
3 filingsProspect flagsLow participation
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$699.7M
-7.0% from 2016
Total participants
18,348
+8.2% from 2016
Average account balance
$61,162
-15.5% from 2016
Annual return
7.49%
-5.04 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
45
Participant deferral / active EE
$2,826
median $2,952
0
Employer contribution / active EE
$0
median $1,144
27
Participation rate
55.9%
median 73.8%
79
Avg account balance
$61,162
median $42,315
66
Admin fee / account holder
$20
median $30
26
Annual return
7.49%
median 8.69%
Overall peer rank
48of 100
48th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.27B
Average account balance
Total assets / participants with a balance (line 6g)
$164K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,722
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
57.9%
Contributions (total)
Employer and participant dollars contributed each year
$10.49M
Contributions per participant
Average employer and participant contribution per enrolled participant
$1K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.64%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$117
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $83,043 |
KPMG2+ years Service code 10 · EIN 13-5565207 | Accounting | $20,000 |
Service code 19 · EIN 13-1624203 | Securities Custodian | $217 |
Service code 60 | Sub-TA Fees | $0 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$71,197 |
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.
Plan features & details
Pension benefit codes2G2L2M3H
Plan features
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Expense breakdown
Schedule H Part II
Admin total
$225K
$14 / participant
- Other / not subdivided$225K100.0%
% of EOY assets
0.032%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- KPMG LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer