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)
- Plan Number: 503
- Total Participants: 22,086
- Total Assets: $34.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 22,086 | $34.5M | $0 | $0 |
| 2024 | 21,563 | $26.2M | $99.3M | $63.5M |
| 2023 | 19,496 | $23.8M | $93.6M | $59.9M |
| 2022 | 18,838 | $23.7M | $92.8M | $59.9M |
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 |
|---|---|---|---|---|
| BCBS | Other Service Provider | $4,177,265 | — | $4,177,265 |
| BUSINESSSOLVER | Other Service Provider | $831,378 | — | $831,378 |
| REMEDY ANALYTICS | Other Service Provider | $315,000 | — | $315,000 |
| VIRGIN PULSE/PERSONIFY HEALTH | Other Service Provider | $82,255 | — | $82,255 |
| HEALTHEQUITY | Other Service Provider | $48,540 | — | $48,540 |
| LBMC | Other Service Provider | $42,300 | — | $42,300 |
| TEST N SHARE | Other Service Provider | $40,000 | — | $40,000 |
| OGLETREE & DEAKINS, & STEWART, PC | Other Service Provider | $21,092 | — | $21,092 |
| TOWERS WATSON | Other Service Provider | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,572,830
- Estimated Expense Ratio: 16.130% 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 | $179,411,638 | — | $4,299,523 | — | — |
| 2024 | $6,421,556 | — | $4,171,000 | — | — |
| 2023 | $5,916,802 | — | $3,815,183 | — | — |
| 2022 | $5,888,213 | $3,765,786 | — | — | — |