Profit Sharing · DOL Form 5500 · 2023
Lifenet Health Profit Sharing Plan
Data updated 2026-08-11
- $91M
- Total assets
- 1,515
- Participants
- 91st
- Percentile by assets
- $60,017
- Avg per participant
Official DOL plan name: Lifenet Profit Sharing Plan · Sponsored by Lifenet Health · Virginia · Healthcare & Social Assistance
$91M in assets, 1,515 participants
Lifenet Health's Lifenet Profit Sharing Plan reported $91M in total assets and 1,515 participants in its 2023 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 127,072 plans)
- #16,239 in Healthcare & Social Assistance (17,684 peers)
Where Lifenet Profit Sharing Plan sits by assets
Lifenet Profit Sharing Plan sits in the top 10% of all filed plans by assets, $91M for 1,515 participants (~$60,017/participant), up 21.6% in 2023.
- $91M
- total plan assets (2023 EOY)
- 1,515
- covered participants
- 91st
- percentile by assets (of 127,072 plans)
- $60,017
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lifenet Profit Sharing Plan reported net income rose from -$12M in the plan year 2022 filing to $16M in the plan year 2023 filing.
- Lifenet Profit Sharing Plan end-of-year assets rose from $75M in the plan year 2022 filing to $91M in the plan year 2023 filing.
- Lifenet Profit Sharing Plan reported participants rose from 1,334 in the plan year 2022 filing to 1,515 in the plan year 2023 filing.
Lifenet Profit Sharing Plan vs the 2023 asset distribution
By assets, Lifenet Profit Sharing Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $75M |
|---|---|
| Net Assets (End of Year) | $91M |
| Net Income | $16M |
| Employer EIN | 521273592 |
| Plan Effective Date | 1983-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lifenet Health)
| 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
- Section 403(b) Defined Contribution Plan for Tax-Exempt Colleges and Universities in Virginia $1.1B · 5,192
- Carpenter Co. Profit-Sharing Plan $299M · 2,085
- American Institutes for Research Tax Deferred Annuity Plan $277M · 1,521
- Analytic Services Inc. Defined Contribution Retirement Plan $205M · 584
- Associated Universities Inc. Retirement Plan $193M · 541
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 2023? ▼
How have Lifenet Health plan assets changed over time? ▼
Where does Lifenet Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Lifenet Profit Sharing Plan? ▼
Next read for Lifenet Profit Sharing Plan
Scale reading
Ways to act on Lifenet Profit Sharing Plan's numbers.
- By total assets, Lifenet Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Virginia. Compare plans
- Lifenet Health's sponsor-wide assets have grown 45.7% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans