Plan Snapshot
- Plan Sponsor: Life Care Companies LLC
- Sponsor EIN: 272258399
- Sponsor Address: 400 LOCUST ST STE 820, DES MOINES, IA, 503092334
- Plan Type: 401(k)
- Total Participants: 13,406
- Total Assets: $295.4M
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 | 13,406 | $295.4M | $10.4M | $24.6M |
| 2023 | 12,813 | $254.6M | $9.4M | $22.1M |
| 2022 | 11,119 | $206.5M | $8.8M | $20.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $381,511 | — | $381,511 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $381,511
- Estimated Expense Ratio: 0.129% 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 | $381,511 | — | $381,511 | — | — |
| 2023 | $412,944 | — | $412,944 | — | — |
| 2022 | $414,839 | — | $414,839 | — | — |