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Retirement plan

LIFESPAN CORPORATION 403(B)RETIREMENT PLAN

LIFESPAN CORPORATIONEIN 22-2861978Plan #002PY 2023
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167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
2 filings
#005Retirement-$935.8M assets#001Retirement-$514.9M assets
Prospect flagsLow participationCorrective distributions

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)
$1164.4M
-7.0% from 2016
Total participants
12,463
+8.2% from 2016
Average account balance
$131,373
-15.5% from 2016
Annual return
20.71%
-5.04 pp from 2016

Benchmarks

See 224 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort224 peers
Snapshot2023
Participant deferral / active EE
$1,134
median $3,891
Employer contribution / active EE
$0
median $1,822
Participation rate
60.2%
median 84.7%
Avg account balance
$131,373
median $50,688
Admin fee / account holder
$126
median $57
Annual return
20.71%
median 18.52%
Overall peer rank
45th 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
ProviderService typeCompensation
FID INV INST OPS CO3 years
Service code 15 · EIN 04-2647786
Recordkeeping
$409,551
STRATEGIC ADVISORS, INC.9+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$222,571
RESOURCES INVESTMENT ADVISORS, LLC3 years
Service code 16 · EIN 43-1451524
Consulting
$69,959
NIXON PEABODY LLP5 years
Service code 29 · EIN 16-0764720
Legal
$54,285
TIAA-CREF3 years
Service code 15 · EIN 13-1624203
Recordkeeping
$4,052

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

2 tripped
  • OpportunityLow participation

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

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$1.1M
$123 / participant
  • Recordkeeping$409K36.7%
  • Investment mgmt$223K19.9%
  • Contract admin$4K0.4%
  • Other / not subdivided$480K43.0%
% of EOY assets
0.096%
all-in expense ratio
Categories reported
3 / 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