Retirement plan

STRATA PATHOLOGY SERVICES, INC. 401(K) PLAN

Name: STRATA PATHOLOGY SERVICES, INC. - STRATA PATHOLOGY SERVICES, INC. 401(K) PLAN (2022) Form 5500
Creator: STRATA PATHOLOGY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRATA PATHOLOGY SERVICES, INC. 401(K) PLAN, STRATA PATHOLOGY SERVICES, INC.

STRATA PATHOLOGY SERVICES, INC.EIN 20-2879668Plan #001PY 2022

ONE CRANBERRY HILL, SUITE 100 - LEXINGTON, MA 02421678-208-2166

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$6.3M

-20.2% from 2021

Total participants

160

+5.3% from 2021

Average account balance

$43,743

-19.6% from 2021

Annual return

-16.17%

-30.81 pp from 2021

Benchmarks

See 19,711 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,711 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.55M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

114

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$947K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$571

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIRST NATIONAL CORPORATION7+ years Service code 27 300 LEDGEWOOD PL · ROCKLAND, MA 02370	Advisory (Plan)	$14,850
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,430
THE ANGELL PENSION GROUP, INC.6 years Filed as: THE ANGELL PENSION GROUP, INC Service code 13	Contract Administrator	$6,334
RENASANT BANK1 year Service code 21 209 TROY ST · TUPLEO, MS 38802	Bank Trustee	$1,015
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 16-1450952	Recordkeeping	$156
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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

$25K

$306 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.394%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DAVIS KELLY, LLC
Auditor EIN: 743049340
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,743

$73,867-40.8%

$143,757-69.6%

$68,494-36.1%

Participation rate

80.2%

66.7%+13.6pp

80.3%-0.1pp

67.9%+12.4pp

Annual return

-16.17%

1.01%-17.2pp

-0.04%-16.1pp

-7.84%-8.3pp

Employer contribution / active EE

$2,572

$3,184-19.2%

$4,951-48.1%

$2,596-0.9%

Participant deferral / active EE

$5,330

$3,384+57.5%

$5,637-5.5%

$4,027+32.3%

Admin fee / account holder

$172

$5,755-97.0%

$14,673-98.8%

$5,403-96.8%

Provider

Service type

Compensation

FIRST NATIONAL CORPORATION7+ years

Service code 27

300 LEDGEWOOD PL · ROCKLAND, MA 02370

Advisory (Plan)

$14,850

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,430

THE ANGELL PENSION GROUP, INC.6 years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 13

Contract Administrator

$6,334

RENASANT BANK1 year

Service code 21

209 TROY ST · TUPLEO, MS 38802

Bank Trustee

$1,015

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 16-1450952

Recordkeeping

$156

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

STRATA PATHOLOGY SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRATA PATHOLOGY SERVICES, INC. 401(K) 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