Plan Snapshot
- Plan Sponsor: Life Care Centers Of America, INC.
- Sponsor EIN: 620963862
- Sponsor Address: 3001 KEITH STREET, NW PO BOX 3480, CLEVELAND, TN, 37320
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 32,465
- Total Assets: $324.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 32,465 | $324.5M | $0 | $0 |
| 2024 | 29,997 | $298.1M | $0 | $17.7M |
| 2023 | 22,859 | $284.2M | $3,173 | $16.4M |
| 2022 | 21,848 | $257.6M | $0 | $16.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $368,920 | — | $368,920 |
| CRS INSURANCE GROUP LLC | Other Service Provider | $78,061 | — | $78,061 |
| ADAMS LITHOGRAPHING COMPANY | Other Service Provider | $32,541 | — | $32,541 |
| LBMC PC | Auditor | $22,000 | — | $22,000 |
| M HOLDINGS SECURITIES INC | Investment Advisor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $511,522
- Estimated Expense Ratio: 0.158% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $36,208,005 | $494,338 | — | — | — |
| 2024 | $829,746 | $10,000 | — | $24,500 | — |
| 2023 | $236,437 | $10,000 | $85,415 | $21,350 | — |
| 2022 | $295,347 | $10,000 | $91,340 | — | $19,400 |