Retirement plan

MIDWEST DIAGNOSTIC PATHOLOGY, S.C. PROFIT SHARING 401(K) PLAN

Name: MIDWEST DIAGNOSTIC PATHOLOGY, S.C. - MIDWEST DIAGNOSTIC PATHOLOGY, S.C. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: MIDWEST DIAGNOSTIC PATHOLOGY, S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST DIAGNOSTIC PATHOLOGY, S.C. PROFIT SHARING 401(K) PLAN, MIDWEST DIAGNOSTIC PATHOLOGY, S.C.

MIDWEST DIAGNOSTIC PATHOLOGY, S.C.EIN 36-4386543Plan #002PY 2024

2720 S RIVER ROAD, SUITE 126 - DES PLAINES, IL 60018224-483-0228mdpsc.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#005Retirement-$20.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$37.6M

+18.6% from 2023

Total participants

+1.6% from 2023

Average account balance

$596,235

+5.4% from 2023

Annual return

13.36%

-4.05 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.56M

Not enough data

1 years with asset history on file

Average account balance

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

$596K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$82K

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

+13.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40656

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 codes2C2E2F2G2J2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.6M

$50222 / participant

Other / not subdivided$3M100.0%

% of EOY assets

6.819%

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

$596,235

$81,276+633.6%

$155,574+283.2%

$80,925+636.8%

Participation rate

100.0%

66.2%+33.8pp

78.2%+21.8pp

67.7%+32.3pp

Annual return

13.36%

33.36%-20.0pp

64.87%-51.5pp

35.65%-22.3pp

Employer contribution / active EE

$58,851

$3,103+1796.6%

$4,676+1158.7%

$2,756+2035.2%

Participant deferral / active EE

$23,648

$3,453+584.9%

$5,629+320.1%

$4,299+450.1%

Admin fee / account holder

$40,656

$7,993+408.6%

$15,914+155.5%

$6,940+485.8%

MIDWEST DIAGNOSTIC PATHOLOGY, S.C. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST DIAGNOSTIC PATHOLOGY, S.C. PROFIT SHARING 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