# Life Center, Incorporated Health & Welfare Plan
Source: https://planprovider.pro/companies/life-center-incorporated-382418870-502

> Life Center, Incorporated's Health & Welfare plan: 74 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Life Center, Incorporated

- **Sponsor EIN:** 382418870

- **Sponsor Address:** 19575 VICTOR PARKWAY, LIVONIA, MI, 48152

- **Plan Type:** Health & Welfare

- **Plan Number:** 502

- **Total Participants:** 74

- **Total Assets:** $25,213

## 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.|

| 2024|74|$25,213|$505,679|$263,173|

| 2023|85|$16,313|$103,174|$64,596|

| 2022|90|$39,030|$384,906|$241,975|

## 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|

| CIA (HILB)|Investment Advisor|$34,545|—|$34,545|

| THE BENECON GROUP|Investment Advisor|$18,546|—|$18,546|

| MERITAIN HEALTH, AN AETNA COMPANY|Other Service Provider|$7,057|—|$7,057|

| CONNECTCARE3|Other Service Provider|$5,231|—|$5,231|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $65,379

- **Estimated Expense Ratio:** 259.307% 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|$1,145,572|—|—|—|—|

| 2023|-$138,008|—|—|—|—|

| 2022|$654,257|—|—|—|—|

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