Plan Snapshot
- Plan Sponsor: Lifecare 2.0 Management Services, LLC
- Sponsor EIN: 842742973
- Sponsor Address: 15305 DALLAS PARKWAY, ADDISON, TX, 75001
- Plan Type: 401(k)
- Total Participants: 516
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 516 | $8.7M | $0 | $1.7M |
| 2022 | 695 | $7.2M | $0 | $2.0M |
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 | Recordkeeper | $91,538 | — | $91,538 |
| NOVA 401(K) ASSOCIATES | Recordkeeper | $32,300 | $7,526 | $39,826 |
| UBS FINANCIAL SVCS INS AGCY INC | Investment Advisor | $304 | $29,028 | $29,332 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $14,176 | — | $14,176 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,872
- Estimated Expense Ratio: 2.010% 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 |
|---|---|---|---|---|---|
| 2023 | $70,367 | — | $24,350 | — | — |
| 2022 | $59,874 | — | $59,874 | — | — |