Retirement plan

BROWN HEALTH DEFINED BENEFIT RETIREMENT PLAN

Name: LIFESPAN CORPORATION D/B/A BROWN UNIVERSITY HEALTH - BROWN HEALTH DEFINED BENEFIT RETIREMENT PLAN (2024) Form 5500
Creator: LIFESPAN CORPORATION D/B/A BROWN UNIVERSITY HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN HEALTH DEFINED BENEFIT RETIREMENT PLAN, LIFESPAN CORPORATION D/B/A BROWN UNIVERSITY HEALTH

LIFESPAN CORPORATION D/B/A BROWN UNIVERSITY HEALTHEIN 22-2861978Plan #001PY 2024

167 POINT STREET, SUITE 2A - PROVIDENCE, RI 02903401-444-5265

Other plans on this EIN

2 filings

#002Retirement-$1.27B assets #005Retirement-$1.25B assets

Prospect flagsNo flags tripped

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

How to read this page

Total assets (EOY)

$537.7M

-6.3% from 2016

Total participants

13,259

-2.7% from 2016

Average account balance

No prior year

Annual return

7.62%

-8.05 pp from 2016

Benchmarks

See 186 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort186 peers

Snapshot2024

Participant deferral / active EE

median $247

Employer contribution / active EE

$4,773

median $6,320

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

7.62%

median 6.71%

Overall peer rank

41of 100

41st percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$537.66M

Average account balance

Total assets / participants with a balance (line 6g)

$41K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

6,571

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$31.92M

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+7.62%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
MERCER10+ years Service code 11 · EIN 13-2836900	Actuarial	$766,390
CAMBRIDGE INVESTMENT RESEARCH10+ years Filed as: CAMBRIDGE ASSOCIATES, LLC Service code 51 · EIN 56-2457107	Investment Mgmt Fees	$636,684
INCOME RESEARCH & MANAGEMENT10+ years Service code 51 · EIN 04-2955404	Investment Mgmt Fees	$162,425
INDEPENDENT FINANCIAL PARTNERS10+ years Filed as: EDGBASTON INVESTMENT PARTNERS, LLP Service code 51	Investment Mgmt Fees	$124,011
STATE STREET GLOBAL ADVISORS10+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 21 · EIN 04-1867445	Bank Trustee	$121,131
ARROW PENSIONS, LLC3 years Filed as: ARROW STREET INTL ACWI EX US FD Service code 51 · EIN 04-3472863	Investment Mgmt Fees	$103,670
POLEN CAPITAL6 years Filed as: POLEN CAPITAL MANAGEMENT, LLC Service code 51 · EIN 26-0319356	Investment Mgmt Fees	$102,088
HS MANAGEMENT PARTNERS, LLC10+ years Filed as: HS MANAGEMENT PARTNERS Service code 51 · EIN 26-0335469	Investment Mgmt Fees	$92,889
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INVEST INST OPER CO, INC. Service code 16 · EIN 04-2647786	Consulting	$47,414
KPMG LLP6 years Service code 10 · EIN 13-5565207	Accounting	$16,995

Enrolled actuary

1 attachment

STEPHANIE COWLEY, FSA

MERCER

Enrollment #2304553

99 HIGH STREET

BOSTON, MA 02110

(617) 747-9500

Signed 2025-10-01

Plan features & details

Pension benefit codes1C1F3H

Plan features

1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1F
Section 414(k) arrangement
Benefits are based partly on the balance of the separate account of the participant. Must also include appropriate defined contribution pension feature codes.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$8.0M

$1203 / participant

Other / not subdivided$8M100.0%

% of EOY assets

1.496%

all-in expense ratio

Categories reported

0 / 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 PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$329,695-100.0%

Participation rate

0.0%

0.0%0pp

43.4%-43.4pp

0.0%0pp

Annual return

7.62%

8.48%-0.9pp

9.82%-2.2pp

8.48%-0.9pp

Employer contribution / active EE

$4,773

$9,949-52.0%

$30,322-84.3%

$9,949-52.0%

Participant deferral / active EE

$734-100.0%

$66-100.0%

$734-100.0%

Admin fee / account holder

$53,840-100.0%

Provider

Service type

Compensation

MERCER10+ years

Service code 11 · EIN 13-2836900

Actuarial

$766,390

CAMBRIDGE INVESTMENT RESEARCH10+ years

Filed as: CAMBRIDGE ASSOCIATES, LLC

Service code 51 · EIN 56-2457107

Investment Mgmt Fees

$636,684

INCOME RESEARCH & MANAGEMENT10+ years

Service code 51 · EIN 04-2955404

Investment Mgmt Fees

$162,425

INDEPENDENT FINANCIAL PARTNERS10+ years

Filed as: EDGBASTON INVESTMENT PARTNERS, LLP

Service code 51

Investment Mgmt Fees

$124,011

STATE STREET GLOBAL ADVISORS10+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 21 · EIN 04-1867445

Bank Trustee

$121,131

ARROW PENSIONS, LLC3 years

Filed as: ARROW STREET INTL ACWI EX US FD

Service code 51 · EIN 04-3472863

Investment Mgmt Fees

$103,670

POLEN CAPITAL6 years

Filed as: POLEN CAPITAL MANAGEMENT, LLC

Service code 51 · EIN 26-0319356

Investment Mgmt Fees

$102,088

HS MANAGEMENT PARTNERS, LLC10+ years

Filed as: HS MANAGEMENT PARTNERS

Service code 51 · EIN 26-0335469

Investment Mgmt Fees

$92,889

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INVEST INST OPER CO, INC.

Service code 16 · EIN 04-2647786

Consulting

$47,414

KPMG LLP6 years

Service code 10 · EIN 13-5565207

Accounting

$16,995

BROWN HEALTH DEFINED BENEFIT RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

STEPHANIE COWLEY, FSA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN HEALTH DEFINED BENEFIT RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

STEPHANIE COWLEY, FSA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion