Plan Snapshot
- Plan Sponsor: Life Care Centers Of America, INC.
- Sponsor EIN: 620963862
- Sponsor Address: 3001 KEITH STREET, NW, CLEVELAND, TN, 373124309
- Plan Type: 401(k)
- Total Participants: 29,997
- Total Assets: $298.1M
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. |
|---|---|---|---|---|
| 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 | $591,102 | — | $591,102 |
| CRS INSURANCE GROUP LLC | OTHER | $159,974 | — | $159,974 |
| ADAMS LITHOGRAPHING COMPANY | OTHER | $40,351 | — | $40,351 |
| LBMC PC | AUDITOR | $24,500 | — | $24,500 |
| LBMC, PC | Auditor | $24,500 | — | $24,500 |
| M HOLDINGS SECURITIES INC | INVESTMENT ADVISOR | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $850,427
- Estimated Expense Ratio: 0.285% 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 |
|---|---|---|---|---|---|
| 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 |