401(k) · DOL Form 5500 · 2023

Lifespan Corporation 401(k) Plan

Data updated 2026-08-11

$936M
Total assets
14,816
Participants
99th
Percentile by assets
$63,160
Avg per participant
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Official DOL plan name: Lifespan 401(k) Retirement Savings Plan · Sponsored by Lifespan Corporation · Rhode Island · Healthcare & Social Assistance

$936M in assets, 14,816 participants

Lifespan Corporation's Lifespan 401(k) Retirement Savings Plan reported $936M in total assets and 14,816 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • 99th percentile by assets (of 127,072 plans)
  • #17,459 in Healthcare & Social Assistance (17,684 peers)

Coverage in Rhode Island

Lifespan 401(k) Retirement Savings Plan covers 14,816 participants in Rhode Island, 10x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $936M.

$936M
total plan assets (2023 EOY)
14,816
covered participants
99th
percentile by assets (of 127,072 plans)
$63,160
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lifespan 401(k) Retirement Savings Plan reported net income rose from -$28M in the plan year 2022 filing to $254M in the plan year 2023 filing.
  • Lifespan 401(k) Retirement Savings Plan end-of-year assets rose from $682M in the plan year 2022 filing to $936M in the plan year 2023 filing.
  • Lifespan 401(k) Retirement Savings Plan reported participants rose from 13,888 in the plan year 2022 filing to 14,816 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs Rhode Island filers

In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Lifespan 401(k) Retirement Savings Plan reports 14,816 participants - 10x that state average ($936M EOY assets).

Rhode Island filing particulars

Total Assets (Beginning of Year)$682M
Net Assets (End of Year)$936M
Net Income$254M
Employer EIN222861978
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lifespan Corporation)

$2B$2.5B$3B$3.5B 202220232024 $2.17B $3.05B ▲ +40.6%
Total plan assets by year, all Lifespan Corporation plans on file
Year Plans Participants Total Assets
2022 3 31,952 $2.2B
2023 3 31,671 $2.6B
2024 3 31,933 $3.1B

Nearby 401(k) Plans in Rhode Island

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lifespan 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

Lifespan 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -100102030 Total assets ($B) Participants Lifespan 401(k) Reti…CVS Health Future Fu…Textron Savings PlanCfg Retirement Savin…Unfi 401(k) PlanFm Global 401(k) Sav…
Lifespan 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

Scale composition for Lifespan 401(k) Retirement Savings Plan

Lifespan 401(k) Retirement Savings Plan reports $936M in end-of-year assets across 14,816 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.016% of 93,925,755 covered participants) - about $63,160 per participant (46% of the national average assets-per-participant) . Net income for plan year 2023 was $254M.

This plan identity (EIN 222861978, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $682M to $1.2B (+82.8%) while covered participants moved from 13,888 to 15,838 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 13,888 $682M Open filing
2023 14,816 $936M This page
2024 · index core 15,838 $1.2B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lifespan 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Lifespan 401(k) Retirement Savings Plan assets move in 2023?
Lifespan 401(k) Retirement Savings Plan surged - up 37.3% during 2023, from $682M to $936M. Reported net income was $254M.
How have Lifespan Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), Lifespan Corporation's sponsor-wide assets grew 40.6%, from $2.2B to $3.1B.
Where does Lifespan 401(k) Retirement Savings Plan rank by assets among Form 5500 filers?
Lifespan 401(k) Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Lifespan 401(k) Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is H & R Block Retirement Savings Plan in MO ($935M, 12,879 participants).

Filing takeaways

Ways to act on Lifespan 401(k) Retirement Savings Plan's numbers.