PlanOptica
Retirement plan

BROWN HEALTH 401(K) RETIREMENT SAVINGS PLAN

LIFESPAN CORPORATION, DBA BROWN UNIVERSITY HEALTHEIN 22-2861978Plan #005PY 2024
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15 LASALLE SQUARE, 5TH FLOOR - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
2 filings
#002Retirement-$1.27B assets#001Retirement-$537.7M assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 444-5265
Plan administrator signer
SHAWN PRICE
Signed 03/26/2026
How to read this page

Summary metrics

Total assets (EOY)
$1246.3M
-48.9% from 2019
Total participants
23,702
-12.2% from 2019
Average account balance
$55,690
-39.2% from 2019
Annual return
22.56%
-33.08 pp from 2019

Benchmarks

See 275 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
Participant deferral / active EE
$5,651
median $4,708
Employer contribution / active EE
$2,965
median $2,014
Participation rate
93.4%
median 86.4%
Avg account balance
$55,690
median $64,875
Admin fee / account holder
$37
median $50
Annual return
22.56%
median 14.66%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2018 - 2024
Total assets (EOY)
Plan-year ending balance
$1.25B
Average account balance
Total assets / participants with a balance (line 6g)
$56K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
22,380
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
93.4%
Contributions (total)
Employer and participant dollars contributed each year
$172.02M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+22.56%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$37
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 CO4 years
Service code 15 · EIN 04-2647786
Recordkeeping
$472,682
STRATEGIC ADVISORS, INC.7+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$299,272
RESOURCE INVESTMENT ADVISORS4 years
Service code 16 · EIN 43-1451524
Consulting
$51,915
CBIZ CPAS P.C.1 year
Service code 10 · EIN 43-1947695
Accounting
$21,220
NIXON PEABODY LLP4 years
Service code 29 · EIN 16-0764720
Legal
$11,615

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 codes2E2F2G2J3H2S2T2K
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 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.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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
  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$834K
$42 / participant
  • Recordkeeping$471K56.4%
  • Investment mgmt$300K35.9%
  • Other / not subdivided$64K7.6%
% of EOY assets
0.067%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CBIZ CPAS P.C.
Auditor EIN
431947695
Audit fees
(not subdivided)
Opinion code
Unqualified