Profit Sharing · DOL Form 5500 · 2023

Life, Inc. Profit Sharing Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
417
Participants Below avg headcount
53rd
Percentile by assets National rank
$18,767
Avg per participant Low balance/head
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Official DOL plan name: Life, Inc. Retirement Plan and Trust · Sponsored by Life, Inc. · North Carolina · Healthcare & Social Assistance

$8M in assets, 417 participants

Life, Inc.'s Life, Inc. Retirement Plan and Trust reported $8M in total assets and 417 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #10,407 in Healthcare & Social Assistance (17,684 peers)

Life, Inc. multi-year trail

Life, Inc.'s plans moved +11.3% in assets from 2022 to 2024; this filing shows Life, Inc. Retirement Plan and Trust at $8M / 417 participants.

#10,407
in Healthcare & Social Assistance (17,684 peers)
+5.0%
assets growth YoY

Life, Inc. Retirement Plan and Trust's mid-pack asset rank among Healthcare & Social Assistance and all filers

Life, Inc. Retirement Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,825,993 Top 47% higher than 53% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Life, Inc. Retirement Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Life, Inc. Retirement Plan and Trust sits mid-pack in the medium band (417 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Life, Inc. Retirement Plan and Trust reported net income rose from -$850K in the plan year 2022 filing to $371K in the plan year 2023 filing.
  • Life, Inc. Retirement Plan and Trust end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Life, Inc. Retirement Plan and Trust reported participants rose from 406 in the plan year 2022 filing to 417 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 561612948 · Life, Inc. PY 2023 · Profit Sharing

Life, Inc. Retirement Plan and Trust · $8M · 417 · 53rd

  • VS-ST $8M
  • BOY 417
  • SCH 53rd
  • EBSA Profit Sharing
  • PART near Citrus Health Network, Inc. ERISA 403(b) Plan
  • TYPE ind #10407

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in North Carolina →

Life, Inc. Retirement Plan and Trust in the asset neighbourhood

Life, Inc. Retirement Plan and TrustLife, Inc. Retirement Plan a…$8MCitrus Health Network, Inc. ERISA 403(b) PlanCitrus Health Network, Inc. …$8MIron & Metals Inc Profit Sharing PlanIron & Metals Inc Profit Sha…$8MAble Sales Co. Inc. Savings and Investment PlanAble Sales Co. Inc. Savings …$8MVermont Housing & Conservation Board Profit Sharing PlanVermont Housing & Conservati…$8M
End-of-year total assets ($M) among Life, Inc. Retirement Plan and Trust and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Life, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Life, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 11.25006639985105% vs 2022
2024 filing year
$7M$7.5M$8M$8.5M 202220232024 $7.45M $8.29M ▲ +11.3%
Year Plans Participants Total Assets
2022 1 406 $7M
2023 1 417 $8M
2024 1 428 $8M

Life, Inc. filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$371K
Employer EIN561612948
Plan Effective Date1991-07-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in North Carolina

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

Life, Inc. Retirement Plan and Trust vs. nearby Profit Sharing plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Life, Inc. Retirement Plan and Trust, Total assets ($B): 0.007825993 · Participants: 417Life, Inc. Retirement Plan and TrustTax Deferred Savings Plan of Novant Health, Inc., Total assets ($B): 2.233437356 · Participants: 36057Tax Deferred Savings Plan of Novant Health, Inc.Charter Communications, Inc. Retirement Accumulation Plan, Total assets ($B): 1.269819278 · Participants: 96058Charter Communications, Inc. Retirement Accumulation PlanFirsthealth of the Carolinas, Inc. Retirement Growth Plan, Total assets ($B): 0.108343803 · Participants: 5519Firsthealth of the Carolinas, Inc. Retirement Growth PlanBaker & Taylor Retirement Savings Plan, Total assets ($B): 0.06687568 · Participants: 1361Baker & Taylor Retirement Savings PlanIntermec Fssp Spinoff Plan, Total assets ($B): 0.050896422 · Participants: 74Intermec Fssp Spinoff Plan
Life, Inc. Retirement Plan and Trust vs. nearby Profit Sharing plans in North Carolina, assets vs. participants
Compare Life, Inc. Retirement Plan and Trust side-by-side with 3 peers →

Life, Inc. Retirement Plan and Trust's out-of-state Profit Sharing peers by assets and headcount

Outside North Carolina, the nearest Profit Sharing by assets is Citrus Health Network, Inc. ERISA 403(b) Plan in FL ($8M); by covered participants it is Lifestream 403(b) Plan in CA (417 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (417 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Life, Inc. Retirement Plan and Trust assets move in 2023? ▼
Life, Inc. Retirement Plan and Trust edged up modestly - up 5.0% during 2023, from $7M to $8M. Reported net income was $371K.
How have Life, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Life, Inc.'s sponsor-wide assets grew 11.3%, from $7M to $8M.
Which Profit Sharing plans are similar in size to Life, Inc. Retirement Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by assets is Citrus Health Network, Inc. ERISA 403(b) Plan in FL ($8M, 1,207 participants).
Which Profit Sharing plans cover a similar participant headcount to Life, Inc. Retirement Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Lifestream 403(b) Plan in CA (417 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561612948.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.