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Retirement plan

LIFESPAN 401(K) RETIREMENT SAVINGS PLAN

LIFESPAN CORPORATIONEIN 22-2861978Plan #005PY 2018
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167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265
Other plans on this EIN
3 filings
#002Retirement-$938.3M assets#001Retirement-$435.9M assets#003Retirement--
Prospect flagsLow assets / participantCorrective 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)
$139M
-48.9% from 2019
Total participants
12,137
-12.2% from 2019
Average account balance
$13,112
-39.2% from 2019
Annual return
0.00%
-33.08 pp from 2019

Benchmarks

See 224 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort224 peers
Snapshot2018
Participant deferral / active EE
$4,453
median $3,263
Employer contribution / active EE
$2,558
median $1,456
Participation rate
86.7%
median 81.9%
Avg account balance
$13,112
median $42,754
Admin fee / account holder
$2
median $39
Annual return
0.00%
median -4.42%
Overall peer rank
58th 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 4 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.1+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$22,288
RESOURCES INVESTMENT ADVISORS, INC.1+ years
Service code 16 · EIN 43-1451524
Consulting
$2,994
INDEPENDENT FINANCIAL PARTNERS1+ years
Service code 16 · EIN 59-3331424
Consulting
$339
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$15,602

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

2 tripped
  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$21K
$2 / participant
  • Other / not subdivided$21K100.0%
% of EOY assets
0.015%
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