Other · DOL Form 5500 · 2024

Lifecare Medical Center Retirement Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
480
Participants Below avg headcount
83rd
Percentile by assets National rank
$94,103
Avg per participant Below avg balance/head
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Official DOL plan name: 403(b) Retirement Plan of Lifecare Medical Center · Sponsored by Lifecare Medical Center · Minnesota · Healthcare & Social Assistance

$45M in assets, 480 participants

Lifecare Medical Center's 403(b) Retirement Plan of Lifecare Medical Center reported $45M in total assets and 480 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #14,437 in Healthcare & Social Assistance (16,916 peers)

Coverage in Minnesota

403(b) Retirement Plan of Lifecare Medical Center covers 480 participants in Minnesota, about 43% of the average Minnesota filer (state average ~1,126 per filing). Assets: $45M.

#14,437
in Healthcare & Social Assistance (16,916 peers)
+14.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

403(b) Retirement Plan of Lifecare Medical Center's outsized position by total assets

403(b) Retirement Plan of Lifecare Medical Center vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$45,169,449 Top 17% higher than 83% of 123,620 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 2024

403(b) Retirement Plan of Lifecare Medical Center among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 403(b) Retirement Plan of Lifecare Medical Center sits mid-pack in the medium band (480 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 403(b) Retirement Plan of Lifecare Medical Center reported net income rose from $4M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • 403(b) Retirement Plan of Lifecare Medical Center end-of-year assets rose from $39M in the plan year 2023 filing to $45M in the plan year 2024 filing.
  • 403(b) Retirement Plan of Lifecare Medical Center reported participants rose from 447 in the plan year 2023 filing to 480 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 411804205 · Lifecare Medical Center PY 2024 · Other

403(b) Retirement Plan of Lifecare Medical Center · $45M · 480 · 83rd

  • BOOK $45M
  • BOOK 480
  • BOOK 83rd
  • BOOK Other
  • BOOK near Harbor Health Services, Inc. 403(b) Plan
  • BOOK ind #14437

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 Minnesota →

403(b) Retirement Plan of Lifecare Medical Center in the asset neighbourhood

King's Daughters Medical Center Retirement PlanKing's Daughters Medical Cen…$45MNichols School Tiaa-Cref Retirement PlanNichols School Tiaa-Cref Ret…$45M403(b) Retirement Plan of Lifecare Medical Center403(b) Retirement Plan of Li…$45MHarbor Health Services, Inc. 403(b) PlanHarbor Health Services, Inc.…$45MChurch World Service Retirement PlanChurch World Service Retirem…$45M
End-of-year total assets ($M) among 403(b) Retirement Plan of Lifecare Medical Center and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$45M
Net Income$6M
Employer EIN411804205
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lifecare Medical Center)

Sponsor-wide plan assets over time

All Lifecare Medical Center plans reported in each filing year

Latest sponsor-wide plan assets
$45M 27.794633527513568% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $35.4M $45.2M ▲ +27.8%
Year Plans Participants Total Assets
2022 1 449 $35M
2023 1 447 $39M
2024 1 480 $45M

Nearby Other Plans in Minnesota

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

403(b) Retirement Plan of Lifecare Medical Center vs. nearby Other plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants 403(b) Retirement Plan of Lifecare Medical Center, Total assets ($B): 0.045169449 · Participants: 480403(b) Retirement Plan of Lifecare Medical CenterMayo 403(b) Plan, Total assets ($B): 12.799106312 · Participants: 85933Mayo 403(b) PlanChildrens Hospitals and Clinics Matched Savings Plan, Total assets ($B): 0.937973727 · Participants: 5750Childrens Hospitals and Clinics Matched Savings PlanCentracare Health System 403(b) Plan, Total assets ($B): 0.866640984 · Participants: 8227Centracare Health System 403(b) PlanCarpenters & Joiners Defined Contribution Plan, Total assets ($B): 0.811257677 · Participants: 22289Carpenters & Joiners Defined Contribution PlanUniversity of St. Thomas Retirement Plan, Total assets ($B): 0.459707522 · Participants: 2357University of St. Thomas Retirement Plan
403(b) Retirement Plan of Lifecare Medical Center vs. nearby Other plans in Minnesota, assets vs. participants

403(b) Retirement Plan of Lifecare Medical Center's out-of-state Other peers by assets and headcount

Outside Minnesota, the nearest Other by assets is Harbor Health Services, Inc. 403(b) Plan in MA ($45M); by covered participants it is Urban Affairs Coalition 403(b) Retirement Plan in PA (480 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (480 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did 403(b) Retirement Plan of Lifecare Medical Center assets move in 2024? ▼
403(b) Retirement Plan of Lifecare Medical Center grew at a solid clip - up 14.9% during 2024, from $39M to $45M. Reported net income was $6M.
How have Lifecare Medical Center plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lifecare Medical Center's sponsor-wide assets grew 27.8%, from $35M to $45M.
Where does 403(b) Retirement Plan of Lifecare Medical Center rank by assets among Form 5500 filers? ▼
403(b) Retirement Plan of Lifecare Medical Center ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to 403(b) Retirement Plan of Lifecare Medical Center? ▼
Among Other plans in other states, the closest by assets is Harbor Health Services, Inc. 403(b) Plan in MA ($45M, 597 participants).
Which Other plans cover a similar participant headcount to 403(b) Retirement Plan of Lifecare Medical Center? ▼
Among Other plans in other states, the closest by covered participants is Urban Affairs Coalition 403(b) Retirement Plan in PA (480 participants, $8M in assets).