Retirement plan

EASTERN GREAT LAKES PATHOLOGY, PC PROFIT SHARING PLAN

Name: EASTERN GREAT LAKES PATHOLOGY, PC - EASTERN GREAT LAKES PATHOLOGY, PC PROFIT SHARING PLAN (2024) Form 5500
Creator: EASTERN GREAT LAKES PATHOLOGY, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN GREAT LAKES PATHOLOGY, PC PROFIT SHARING PLAN, EASTERN GREAT LAKES PATHOLOGY, PC

EASTERN GREAT LAKES PATHOLOGY, PCEIN 16-1502883Plan #001PY 2024

20 NORTHPOINTE PARKWAY, SUITE 130 - AMHERST, NY 14228716-250-9235LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.1M

+18.5% from 2023

Total participants

+10.2% from 2023

Average account balance

$245,415

+15.8% from 2023

Annual return

13.06%

-2.68 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$22.09M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$245K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

132.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6320

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$569K

$8365 / participant

Other / not subdivided$569K100.0%

% of EOY assets

2.575%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$245,415

$58,258+321.3%

$81,820+199.9%

$80,925+203.3%

Participation rate

89.7%

63.5%+26.2pp

72.4%+17.3pp

67.7%+22.0pp

Annual return

13.06%

41.76%-28.7pp

777.93%-764.9pp

35.65%-22.6pp

Employer contribution / active EE

$12,928

$2,345+451.2%

$2,915+343.5%

$2,756+369.1%

Participant deferral / active EE

$8,525

$3,284+159.6%

$4,323+97.2%

$4,299+98.3%

Admin fee / account holder

$6,320

$4,976+27.0%

$7,391-14.5%

$6,940-8.9%

EASTERN GREAT LAKES PATHOLOGY, PC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN GREAT LAKES PATHOLOGY, PC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion