Lifenet Profit Sharing Plan — Form 5500 plan (Lifenet Health)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lifenet Profit Sharing Plan is a benefit plan reported by Lifenet Health under EIN 52-1273592 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,737 participants and $90,925,290 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$90.9MPlan net assets, end of year$90,925,290
Participants1.7KCovered participants reported1,737
Assets / participant$52.3KComputed: assets ÷ participants$52,346 (computed)
Provider compensation$99.9K2 Schedule C provider row(s)$99,878
- Plan sponsor
- Lifenet Health
- EIN
- 52-1273592
- Plan number
- 001
- Plan type
- 2
- Location
- Virginia Bch, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,737 | H, C | 20241002081227NAL0004663299001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$90.9M total assets
Net assets$90.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $90,925,290
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $90,925,290
- Net assets (BOY)
- $74,763,211
Income & contributions
- Employer contributions
- $9,814,500
- Total contributions
- $9,814,500
- Total income / additions
- $21,550,922
Expenses & distributions
- Benefits paid
- $5,288,965
- Administrative expenses
- $99,878
- Total expenses
- $5,388,843
- Net increase / (decrease)
- $16,162,079
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income25%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $99,878 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |