Retirement plan

PATHOLOGY SERVICES OF KALAMAZOO, P.C. DEFINED CONTRIBUTION RETIREMENT PLAN

Name: PATHOLOGY SERVICES OF KALAMAZOO, P.C. - PATHOLOGY SERVICES OF KALAMAZOO, P.C. DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: PATHOLOGY SERVICES OF KALAMAZOO, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATHOLOGY SERVICES OF KALAMAZOO, P.C. DEFINED CONTRIBUTION RETIREMENT PLAN, PATHOLOGY SERVICES OF KALAMAZOO, P.C.

PATHOLOGY SERVICES OF KALAMAZOO, P.C.EIN 38-2147744Plan #022PY 2024

601 JOHN STREET - KALAMAZOO, MI 49007269-341-8997LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#023Retirement-$602K assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.8M

+31.1% from 2023

Total participants

+8.3% from 2023

Average account balance

$679,557

+21.0% from 2023

Annual return

20.80%

+26.10 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$430K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$745K

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

+4.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403496

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 codes2C2E2F2G3D

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.
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

$41K

$3442 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.468%

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

$679,557

$183,627+270.1%

$155,602+336.7%

$145,978+365.5%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

20.80%

61.32%-40.5pp

64.81%-44.0pp

550.52%-529.7pp

Employer contribution / active EE

$32,820

$5,316+517.4%

$4,675+602.0%

$4,662+604.0%

Participant deferral / active EE

$24,879

$6,466+284.8%

$5,629+342.0%

$6,690+271.9%

Admin fee / account holder

$3,177

$19,327-83.6%

$15,923-80.0%

$13,400-76.3%

PATHOLOGY SERVICES OF KALAMAZOO, P.C. DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATHOLOGY SERVICES OF KALAMAZOO, P.C. DEFINED CONTRIBUTION RETIREMENT 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