Retirement plan

MIDLAND PATHOLOGY ASSOCIATES P.C. EMPLOYEE PENSION PLAN AND TRUST

Name: MIDLAND PATHOLOGY ASSOCIATES, P.C. - MIDLAND PATHOLOGY ASSOCIATES P.C. EMPLOYEE PENSION PLAN AND TRUST (2024) Form 5500
Creator: MIDLAND PATHOLOGY ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDLAND PATHOLOGY ASSOCIATES P.C. EMPLOYEE PENSION PLAN AND TRUST, MIDLAND PATHOLOGY ASSOCIATES, P.C.

MIDLAND PATHOLOGY ASSOCIATES, P.C.EIN 38-1983505Plan #001PY 2024

C/O 5915 EASTMAN AVE. SUITE 100 - MIDLAND, MI 48640989-839-3470LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$571K assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$1.9M

-6.9% from 2023

Total participants

0.0% from 2023

Average account balance

$314,344

-6.9% from 2023

Annual return

10.67%

-40.01 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.89M

Not enough data

1 years with asset history on file

Average account balance

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

$314K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$204K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$68K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93192

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 codes2C2G3D

Plan features

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

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

$559K

$186385 / participant

Other / not subdivided$559K100.0%

% of EOY assets

29.647%

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

$314,344

$183,539+71.3%

$155,556+102.1%

$145,897+115.5%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

10.67%

61.31%-50.6pp

64.84%-54.2pp

552.29%-541.6pp

Employer contribution / active EE

$20,700

$5,315+289.4%

$4,675+342.7%

$4,663+344.0%

Participant deferral / active EE

$47,367

$6,467+632.4%

$5,631+741.2%

$6,689+608.1%

Admin fee / account holder

$93,192

$19,275+383.5%

$15,885+486.7%

$13,390+596.0%

MIDLAND PATHOLOGY ASSOCIATES P.C. EMPLOYEE PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDLAND PATHOLOGY ASSOCIATES P.C. EMPLOYEE PENSION PLAN AND TRUST

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