Retirement plan

LIFESPAN CORPORATION RETIREMENT PLAN

Name: LIFESPAN CORPORATION - LIFESPAN CORPORATION RETIREMENT PLAN (2021) Form 5500
Creator: LIFESPAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFESPAN CORPORATION RETIREMENT PLAN, LIFESPAN CORPORATION

LIFESPAN CORPORATIONEIN 22-2861978Plan #001PY 2021

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

Other plans on this EIN

2 filings

#002Retirement-$1.33B assets #005Retirement-$709.3M 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.

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Total assets (EOY)

$614.9M

-6.3% from 2016

Total participants

14,281

-2.7% from 2016

Average account balance

No prior year

Annual return

8.55%

-8.05 pp from 2016

Benchmarks

See 32 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants5,000-9,999

Cohort32 peers

Snapshot2021

Participant deferral / active EE

median $0

Employer contribution / active EE

$7,813

median $3,570

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

8.55%

median 10.92%

Overall peer rank

48of 100

48th 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
MERCER7+ years Service code 11 · EIN 13-2836900	Actuarial	$719,533
CAMBRIDGE INVESTMENT RESEARCH7+ years Filed as: CAMBRIDGE ASSOCIATES, LLC Service code 51 · EIN 56-2457107	Investment Mgmt Fees	$695,921
INDEPENDENT FINANCIAL PARTNERS7+ years Filed as: EDGBASTON INVESTMENT PARTNERS, LLP Service code 51	Investment Mgmt Fees	$364,241
INCOME RESEARCH & MANAGEMENT7+ years Service code 51 · EIN 04-2955404	Investment Mgmt Fees	$198,514
VULCAN VALUE PARTNERS7+ years Service code 51 · EIN 39-2051712	Investment Mgmt Fees	$167,302
SCHRODER INVESTMENT MANAGEMENT3 years Filed as: SCHRODERS INVESTMENT MANAGEMENT LTD Service code 51 · EIN 13-4064414	Investment Mgmt Fees	$166,377
STATE STREET GLOBAL ADVISORS7+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 21 · EIN 04-1867445	Bank Trustee	$154,739
HS MANAGEMENT PARTNERS, LLC7+ years Filed as: HS MANAGEMENT PARTNERS Service code 51 · EIN 26-0335469	Investment Mgmt Fees	$104,497
IRIDIAN ASSET MANAGEMENT, LLC7+ years Filed as: IRIDIAN ASSET MANAGEMENT Service code 51 · EIN 06-1439577	Investment Mgmt Fees	$94,628
POLEN CAPITAL3 years Filed as: POLEN CAPITAL MANAGEMENT, LLC Service code 51 · EIN 26-0319356	Investment Mgmt Fees	$86,028

Enrolled actuary

1 attachment

STEPHANIE COWLEY, FSA, MAAA

MERCER

Enrollment #2004553

99 HIGH STREET

BOSTON, MA 02110

(617) 747-9500

Signed 2022-10-07

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

$8.4M

$1070 / participant

Other / not subdivided$8M100.0%

% of EOY assets

1.373%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$227,282-100.0%

Participation rate

0.0%

0.0%0pp

35.4%-35.4pp

0.0%0pp

Annual return

8.55%

45.95%-37.4pp

10.75%-2.2pp

19.39%-10.8pp

Employer contribution / active EE

$7,813

$4,551+71.7%

$35,170-77.8%

$8,446-7.5%

Participant deferral / active EE

$8-100.0%

$82-100.0%

$353-100.0%

Admin fee / account holder

$4,611-100.0%

Provider

Service type

Compensation

MERCER7+ years

Service code 11 · EIN 13-2836900

Actuarial

$719,533

CAMBRIDGE INVESTMENT RESEARCH7+ years

Filed as: CAMBRIDGE ASSOCIATES, LLC

Service code 51 · EIN 56-2457107

Investment Mgmt Fees

$695,921

INDEPENDENT FINANCIAL PARTNERS7+ years

Filed as: EDGBASTON INVESTMENT PARTNERS, LLP

Service code 51

Investment Mgmt Fees

$364,241

INCOME RESEARCH & MANAGEMENT7+ years

Service code 51 · EIN 04-2955404

Investment Mgmt Fees

$198,514

VULCAN VALUE PARTNERS7+ years

Service code 51 · EIN 39-2051712

Investment Mgmt Fees

$167,302

SCHRODER INVESTMENT MANAGEMENT3 years

Filed as: SCHRODERS INVESTMENT MANAGEMENT LTD

Service code 51 · EIN 13-4064414

Investment Mgmt Fees

$166,377

STATE STREET GLOBAL ADVISORS7+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 21 · EIN 04-1867445

Bank Trustee

$154,739

HS MANAGEMENT PARTNERS, LLC7+ years

Filed as: HS MANAGEMENT PARTNERS

Service code 51 · EIN 26-0335469

Investment Mgmt Fees

$104,497

IRIDIAN ASSET MANAGEMENT, LLC7+ years

Filed as: IRIDIAN ASSET MANAGEMENT

Service code 51 · EIN 06-1439577

Investment Mgmt Fees

$94,628

POLEN CAPITAL3 years

Filed as: POLEN CAPITAL MANAGEMENT, LLC

Service code 51 · EIN 26-0319356

Investment Mgmt Fees

$86,028

LIFESPAN CORPORATION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

STEPHANIE COWLEY, FSA, MAAA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFESPAN CORPORATION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

STEPHANIE COWLEY, FSA, MAAA

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