Profit Sharing · DOL Form 5500 · 2024
Lifenet Health Profit Sharing Plan
Data updated 2026-08-11
- $105M
- Total assets
- 1,597
- Participants
- 91st
- Percentile by assets
- $65,888
- Avg per participant
Official DOL plan name: Lifenet Profit Sharing Plan · Sponsored by Lifenet Health · Virginia · Healthcare & Social Assistance
$105M in assets, 1,597 participants
Lifenet Health's Lifenet Profit Sharing Plan reported $105M in total assets and 1,597 participants in its 2024 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 123,622 plans)
- #15,540 in Healthcare & Social Assistance (16,916 peers)
Coverage in Virginia
Lifenet Profit Sharing Plan covers 1,597 participants in Virginia, 2.0x the typical Virginia plan (state average ~782 per filing). Assets: $105M.
- $105M
- total plan assets (2024 EOY)
- 1,597
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $65,888
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Lifenet Profit Sharing Plan end-of-year assets rose from $91M in the plan year 2023 filing to $105M in the plan year 2024 filing.
- Lifenet Profit Sharing Plan reported net income fell from $16M in the plan year 2023 filing to $14M in the plan year 2024 filing.
- Lifenet Profit Sharing Plan reported participants rose from 1,515 in the plan year 2023 filing to 1,597 in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Lifenet Profit Sharing Plan reports 1,597 participants - 2.0x that state average ($105M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $91M |
|---|---|
| Net Assets (End of Year) | $105M |
| Net Income | $14M |
| 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 $1.3B · 5,562
- Carpenter Co. Profit-Sharing Plan $348M · 2,152
- American Institutes for Research Tax Deferred Annuity Plan $323M · 1,608
- Analytic Services Inc. Defined Contribution Retirement Plan $226M · 508
- Associated Universities Inc. Retirement Plan $205M · 585
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Lifenet Profit Sharing Plan by total assets, not by location.
- I.U.O.E. Local #132 Annuity & Savings Fund (WV) $105M · 8,277
- Stagehands Local Two Annuity Plan (IL) $105M · 1,669
- Retirement Savings Plan of Finger Lakes Regional Health System (NY) $105M · 1,183
- Byer California Retirement Savings Plan (CA) $106M · 157
Frequently Asked Questions
How did Lifenet Profit Sharing Plan assets move in 2024? ▼
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
Filing takeaways
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