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Retirement plan

LIFESPAN CORPORATION 403(B)RETIREMENT PLAN

LIFESPAN CORPORATIONEIN 22-2861978Plan #002PY 2021
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167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
2 filings
#005Retirement-$709.3M assets#001Retirement-$614.9M assets
Prospect flagsLow participationLow participant contributionFailed to transmit contributions

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)
$1334.7M
-7.0% from 2016
Total participants
13,844
+8.2% from 2016
Average account balance
$134,275
-15.5% from 2016
Annual return
14.93%
-5.04 pp from 2016

Benchmarks

See 230 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2021
Participant deferral / active EE
$1,019
median $4,224
Employer contribution / active EE
$0
median $1,758
Participation rate
61.6%
median 86.9%
Avg account balance
$134,275
median $62,426
Admin fee / account holder
$94
median $50
Annual return
14.93%
median 14.85%
Overall peer rank
39th 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 6 by compensation
ProviderService typeCompensation
FID INV INST OPS CO1 year
Service code 15 · EIN 04-2647786
Recordkeeping
$385,981
STRATEGIC ADVISORS, INC.7+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$236,614
RESOURCES INVESTMENT ADVISORS, LLC1 year
Service code 16 · EIN 43-1451524
Consulting
$82,390
NIXON PEABODY LLP3 years
Service code 29 · EIN 16-0764720
Legal
$71,848
KPMG LLP4 years
Service code 10 · EIN 13-5565207
Accounting
$47,200
TIAA-CREF1 year
Service code 15 · EIN 13-1624203
Recordkeeping
$3,870

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 codes2G2L2M3H
Plan features
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 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

3 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$935K
$92 / participant
  • Other / not subdivided$935K100.0%
% of EOY assets
0.070%
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
MARCUM LLP
Auditor EIN
111986323
Audit fees
(not subdivided)
Opinion code
Disclaimer