Other · DOL Form 5500 · 2024

Lifecare Medical Center Retirement Plan

Data updated 2026-08-11

$45M
Total assets
480
Participants
83rd
Percentile by assets
$94,103
Avg per participant
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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.

  • 83rd percentile by assets (of 123,622 plans)
  • #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.

$45M
total plan assets (2024 EOY)
480
covered participants
83rd
percentile by assets (of 123,622 plans)
$94,103
avg assets per participant

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 →

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. 403(b) Retirement Plan of Lifecare Medical Center reports 480 participants - about 43% of that state average ($45M EOY assets).

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)

$30M$35M$40M$45M$50M 202220232024 $35.4M $45.2M ▲ +27.8%
Total plan assets by year, all Lifecare Medical Center plans on file
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

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 Pl…Mayo 403(b) PlanChildrens Hospitals …Centracare Health Sy…Carpenters & Joiners…University of St. Th…
403(b) Retirement Plan of Lifecare Medical Center vs. nearby Other plans in Minnesota, assets vs. participants

Similar-Sized Other Plans Nationally

Other plans in other states closest to 403(b) Retirement Plan of Lifecare Medical Center by total assets, not by location.

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).

Next read for 403(b) Retirement Plan of Lifecare Medic…

Filing takeaways

Ways to act on 403(b) Retirement Plan of Lifecare Medical Center's numbers.