Retirement plan

LIFE CARE CENTERS OF AMERICA, INC. 401(K) SAVINGS PLAN

Name: LIFE CARE CENTERS OF AMERICA, INC. - LIFE CARE CENTERS OF AMERICA, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: LIFE CARE CENTERS OF AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFE CARE CENTERS OF AMERICA, INC. 401(K) SAVINGS PLAN, LIFE CARE CENTERS OF AMERICA, INC.

LIFE CARE CENTERS OF AMERICA, INC.EIN 62-0963862Plan #001PY 2024

3001 KEITH STREET, NW - CLEVELAND, TN 373124309423-339-8304lcca.comLinkedIn10001+ employeeshospital & health care

Prospect flagsLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$298.1M

-2.8% from 2016

Total participants

31,367

+1.6% from 2016

Average account balance

$55,490

-7.1% from 2016

Annual return

13.89%

-5.43 pp from 2016

Benchmarks

See 275 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort275 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$298.15M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

Not enough data

1 years with per-participant data

Participants with account balance

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

5,373

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

13.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$590

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$591,102
CRS INSURANCE GROUP, LLC1 year Filed as: CRS INSURANCE GROUP LLC Service code 99 3525 PIEDMONT RD NE BLDG 6-605 · ATLANTA, GA 30305	Other Fees	$159,974
ADAMS LITHOGRAPHY COMPANY2 years Filed as: ADAMS LITHOGRAPHING COMPANY Service code 99 2210 CHAPMAN RD · CHATTANOOGA, TN 37421	Other Fees	$40,351
LBMC, PC1 year Filed as: LBMC PC Service code 10 201 FRANKLIN ROAD · BRENTWOOD, TN 37027	Accounting	$24,500
M HOLDINGS SECURITIES INC1 year Service code 27 1125 NW COUCH STREET, SUITE 900 · PORTLAND, OR 97209	Advisory (Plan)	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$830K

$28 / participant

Recordkeeping$591K71.2%
Investment mgmt$10K1.2%
Other / not subdivided$229K27.6%

% of EOY assets

0.278%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: $24,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,490

$73,283-24.3%

$155,556-64.3%

$106,553-47.9%

Participation rate

13.3%

73.3%-59.9pp

78.2%-64.9pp

69.8%-56.5pp

Annual return

13.89%

15.76%-1.9pp

64.84%-50.9pp

17.37%-3.5pp

Employer contribution / active EE

$2,241-100.0%

$4,675-100.0%

$3,359-100.0%

Participant deferral / active EE

$590

$4,567-87.1%

$5,631-89.5%

$5,562-89.4%

Admin fee / account holder

$154

$56+176.2%

$15,885-99.0%

$80+93.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$591,102

CRS INSURANCE GROUP, LLC1 year

Filed as: CRS INSURANCE GROUP LLC

Service code 99

3525 PIEDMONT RD NE BLDG 6-605 · ATLANTA, GA 30305

Other Fees

$159,974

ADAMS LITHOGRAPHY COMPANY2 years

Filed as: ADAMS LITHOGRAPHING COMPANY

Service code 99

2210 CHAPMAN RD · CHATTANOOGA, TN 37421

Other Fees

$40,351

LBMC, PC1 year

Filed as: LBMC PC

Service code 10

201 FRANKLIN ROAD · BRENTWOOD, TN 37027

Accounting

$24,500

M HOLDINGS SECURITIES INC1 year

Service code 27

1125 NW COUCH STREET, SUITE 900 · PORTLAND, OR 97209

Advisory (Plan)

$10,000

LIFE CARE CENTERS OF AMERICA, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFE CARE CENTERS OF AMERICA, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

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