Profit Sharing · DOL Form 5500 · 2022

Lifenet Health Profit Sharing Plan

Data updated 2026-08-11

$75M
Total assets
1,334
Participants
91st
Percentile by assets
$56,044
Avg per participant
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Official DOL plan name: Lifenet Profit Sharing Plan · Sponsored by Lifenet Health · Virginia · Healthcare & Social Assistance

$75M in assets, 1,334 participants

Lifenet Health's Lifenet Profit Sharing Plan reported $75M in total assets and 1,334 participants in its 2022 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 91st percentile by assets (of 139,126 plans)
  • #18,504 in Healthcare & Social Assistance (20,060 peers)

Where Lifenet Profit Sharing Plan sits by assets

Lifenet Profit Sharing Plan sits in the top 10% of all filed plans by assets, $75M for 1,334 participants (~$56,044/participant), down 13.5% in 2022.

$75M
total plan assets (2022 EOY)
1,334
covered participants
91st
percentile by assets (of 139,126 plans)
$56,044
avg assets per participant

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lifenet Profit Sharing Plan vs the 2022 asset distribution

By assets, Lifenet Profit Sharing Plan outranks 91% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$86M
Net Assets (End of Year)$75M
Net Income-$12M
Employer EIN521273592
Plan Effective Date1983-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lifenet Health)

$120M$140M$160M$180M$200M 202220232024 $132M $192M ▲ +45.7%
Total plan assets by year, all Lifenet Health plans on file
Year Plans Participants Total Assets
2022 2 2,467 $132M
2023 2 2,843 $164M
2024 2 2,988 $192M

Nearby Profit Sharing Plans in Virginia

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Lifenet Profit Sharing Plan vs. nearby Profit Sharing plans in Virginia, assets vs. participants

Lifenet Profit Sharing Plan vs. nearby Profit Sharing plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 02004006008001000 Total assets ($M) Participants Lifenet Profit Shari…Section 403(b) Defin…Carpenter Co. Profit…American Institutes …Analytic Services In…Smart National Suppl…
Lifenet Profit Sharing Plan vs. nearby Profit Sharing plans in Virginia, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Lifenet Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Lifenet Profit Sharing Plan assets move in 2022?
Lifenet Profit Sharing Plan pulled back noticeably - down 13.5% during 2022, from $86M to $75M. Reported net income was -$12M.
How have Lifenet Health plan assets changed over time?
Across 3 plan years on file (2022-2024), Lifenet Health's sponsor-wide assets grew 45.7%, from $132M to $192M.
Where does Lifenet Profit Sharing Plan rank by assets among Form 5500 filers?
Lifenet Profit Sharing Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Lifenet Profit Sharing Plan?
Among Profit Sharing plans in other states, the closest by assets is Southern New Hampshire Medical Center 401(a) Retirement Savings Plus Plan in NH ($75M, 2,175 participants).

Scale reading

Ways to act on Lifenet Profit Sharing Plan's numbers.