Retirement plan

LABORATORY ALLIANCE OF CENTRAL NEW YORK 401K PLAN

Name: LABORATORY ALLIANCE OF CENTRAL NEW YORK - LABORATORY ALLIANCE OF CENTRAL NEW YORK 401K PLAN (2015) Form 5500
Creator: LABORATORY ALLIANCE OF CENTRAL NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABORATORY ALLIANCE OF CENTRAL NEW YORK 401K PLAN, LABORATORY ALLIANCE OF CENTRAL NEW YORK

LABORATORY ALLIANCE OF CENTRAL NEW YORKEIN 16-1536202Plan #001PY 2015

1304 BUCKLEY ROAD - SYRACUSE, NY 132124311315-453-7200laboratoryalliance.comLinkedIn201-500 employeeshospital & health care

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$15.7M

No prior year

Total participants

406

No prior year

Average account balance

$46,388

No prior year

Annual return

1.42%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.07M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

357

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN PORTFOLIOS FINANCIAL1+ years Filed as: AMERICAN PORTFOLIOS ADVISORS Service code 27 · EIN 16-1462987 350 LINDEN OAKS · ROCHESTER, NY 14625	Advisory (Plan)	$37,498
UNIFIED TRUST COMPANY, N.A.1+ years Service code 13 · EIN 61-1381380 2353 ALEXANDRIA DR #100 · LEXINGTON, KY 40504	Contract Administrator	$18,085

Plan features & details

Pension benefit codes2F2J2K3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$169 / participant

Investment mgmt$54K94.0%
Contract admin$3K4.8%
Other / not subdivided$7171.3%

% of EOY assets

0.365%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FUST CHARLES CHAMBERS LLP
Auditor EIN: 161226221
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,388

$37,117+25.0%

$147,617-68.6%

$55,191-16.0%

Participation rate

79.9%

63.6%+16.3pp

84.6%-4.7pp

69.2%+10.7pp

Annual return

1.42%

3.44%-2.0pp

61.98%-60.6pp

10.78%-9.4pp

Employer contribution / active EE

$1,055

$1,620-34.9%

$5,564-81.0%

$1,899-44.4%

Participant deferral / active EE

$3,581

$1,985+80.3%

$4,895-26.9%

$3,046+17.5%

Admin fee / account holder

$169

$86+97.6%

$11,612-98.5%

$91+86.3%

Provider

Service type

Compensation

AMERICAN PORTFOLIOS FINANCIAL1+ years

Filed as: AMERICAN PORTFOLIOS ADVISORS

Service code 27 · EIN 16-1462987

350 LINDEN OAKS · ROCHESTER, NY 14625

Advisory (Plan)

$37,498

UNIFIED TRUST COMPANY, N.A.1+ years

Service code 13 · EIN 61-1381380

2353 ALEXANDRIA DR #100 · LEXINGTON, KY 40504

Contract Administrator

$18,085

LABORATORY ALLIANCE OF CENTRAL NEW YORK 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABORATORY ALLIANCE OF CENTRAL NEW YORK 401K 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