Retirement plan

LIFESPAN CORPORATION RETIREMENT PLAN

Name: LIFESPAN CORPORATION - LIFESPAN CORPORATION RETIREMENT PLAN (2023) 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 2023

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

Other plans on this EIN

2 filings

#002Retirement-$1.16B assets #005Retirement-$935.8M 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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How to read this page

Total assets (EOY)

$514.9M

-6.3% from 2016

Total participants

13,651

-2.7% from 2016

Average account balance

No prior year

Annual return

11.99%

-8.05 pp from 2016

Benchmarks

See 177 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort177 peers

Snapshot2023

Participant deferral / active EE

median $40

Employer contribution / active EE

$4,380

median $5,730

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

11.99%

median 9.38%

Overall peer rank

55of 100

55th 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
MERCER9+ years Service code 11 · EIN 13-2836900	Actuarial	$706,527
CAMBRIDGE INVESTMENT RESEARCH9+ years Filed as: CAMBRIDGE ASSOCIATES, LLC Service code 51 · EIN 56-2457107	Investment Mgmt Fees	$597,253
SCHRODER INVESTMENT MANAGEMENT5 years Filed as: SCHRODERS INVESTMENT MANAGEMENT LTD Service code 51 · EIN 13-4064414	Investment Mgmt Fees	$131,514
STATE STREET GLOBAL ADVISORS9+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 21 · EIN 04-1867445	Bank Trustee	$131,278
HS MANAGEMENT PARTNERS, LLC9+ years Filed as: HS MANAGEMENT PARTNERS Service code 51 · EIN 26-0335469	Investment Mgmt Fees	$125,940
INDEPENDENT FINANCIAL PARTNERS9+ years Filed as: EDGBASTON INVESTMENT PARTNERS, LLP Service code 51	Investment Mgmt Fees	$122,042
POLEN CAPITAL5 years Filed as: POLEN CAPITAL MANAGEMENT, LLC Service code 51 · EIN 26-0319356	Investment Mgmt Fees	$100,291
ARROW PENSIONS, LLC2 years Filed as: ARROW STREET INTL ACWI EX US FD Service code 51 · EIN 04-3472863	Investment Mgmt Fees	$84,543
VULCAN VALUE PARTNERS9+ years Service code 51 · EIN 39-2051712	Investment Mgmt Fees	$68,659
INCOME RESEARCH & MANAGEMENT9+ years Service code 51 · EIN 04-2955404	Investment Mgmt Fees	$61,051

Enrolled actuary

1 attachment

STEPHANIE COWLEY, FSA

MERCER

Enrollment #2304553

99 HIGH STREET

BOSTON, MA 02110

(617) 747-9500

Signed 2024-09-30

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

$12.7M

$1807 / participant

Other / not subdivided$13M100.0%

% of EOY assets

2.471%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$247,553-100.0%

Participation rate

0.0%

0.0%0pp

50.4%-50.4pp

0.0%0pp

Annual return

11.99%

33.11%-21.1pp

32.33%-20.3pp

33.11%-21.1pp

Employer contribution / active EE

$4,380

$9,000-51.3%

$33,964-87.1%

$9,000-51.3%

Participant deferral / active EE

$680-100.0%

$43-100.0%

$680-100.0%

Admin fee / account holder

$10,141-100.0%

Provider

Service type

Compensation

MERCER9+ years

Service code 11 · EIN 13-2836900

Actuarial

$706,527

CAMBRIDGE INVESTMENT RESEARCH9+ years

Filed as: CAMBRIDGE ASSOCIATES, LLC

Service code 51 · EIN 56-2457107

Investment Mgmt Fees

$597,253

SCHRODER INVESTMENT MANAGEMENT5 years

Filed as: SCHRODERS INVESTMENT MANAGEMENT LTD

Service code 51 · EIN 13-4064414

Investment Mgmt Fees

$131,514

STATE STREET GLOBAL ADVISORS9+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 21 · EIN 04-1867445

Bank Trustee

$131,278

HS MANAGEMENT PARTNERS, LLC9+ years

Filed as: HS MANAGEMENT PARTNERS

Service code 51 · EIN 26-0335469

Investment Mgmt Fees

$125,940

INDEPENDENT FINANCIAL PARTNERS9+ years

Filed as: EDGBASTON INVESTMENT PARTNERS, LLP

Service code 51

Investment Mgmt Fees

$122,042

POLEN CAPITAL5 years

Filed as: POLEN CAPITAL MANAGEMENT, LLC

Service code 51 · EIN 26-0319356

Investment Mgmt Fees

$100,291

ARROW PENSIONS, LLC2 years

Filed as: ARROW STREET INTL ACWI EX US FD

Service code 51 · EIN 04-3472863

Investment Mgmt Fees

$84,543

VULCAN VALUE PARTNERS9+ years

Service code 51 · EIN 39-2051712

Investment Mgmt Fees

$68,659

INCOME RESEARCH & MANAGEMENT9+ years

Service code 51 · EIN 04-2955404

Investment Mgmt Fees

$61,051

LIFESPAN CORPORATION 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

LIFESPAN CORPORATION 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