Retirement plan

WESTERN DIAGNOSTIC SERVICES LABORATORY 401(K) PLAN

Name: WESTERN DIAGNOSTIC SERVICES LABORATORY, LLC - WESTERN DIAGNOSTIC SERVICES LABORATORY 401(K) PLAN (2020) Form 5500
Creator: WESTERN DIAGNOSTIC SERVICES LABORATORY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN DIAGNOSTIC SERVICES LABORATORY 401(K) PLAN, WESTERN DIAGNOSTIC SERVICES LABORATORY, LLC

WESTERN DIAGNOSTIC SERVICES LABORATORY, LLCEIN 47-4903390Plan #001PY 2020

1414 EAST MAIN STREET, SUITE 102 - SANTA MARIA, CA 93454805-548-1550

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$452K

+35.6% from 2019

Total participants

+15.4% from 2019

Average account balance

$16,134

+25.9% from 2019

Annual return

19.83%

-5.98 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$888K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

143.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2464

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 codes2E2J2F2G2R3D2T

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$48K

$2271 / participant

Other / not subdivided$48K100.0%

% of EOY assets

10.558%

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

$16,134

$209,422-92.3%

$178,503-91.0%

$158,982-89.9%

Participation rate

90.5%

86.4%+4.1pp

81.9%+8.5pp

82.0%+8.5pp

Annual return

19.83%

188.81%-169.0pp

151.12%-131.3pp

302.99%-283.2pp

Employer contribution / active EE

$1,398

$5,707-75.5%

$5,011-72.1%

$4,763-70.6%

Participant deferral / active EE

$3,171

$5,955-46.7%

$5,202-39.0%

$5,983-47.0%

Admin fee / account holder

$1,703

$17,079-90.0%

$13,987-87.8%

$11,252-84.9%

WESTERN DIAGNOSTIC SERVICES LABORATORY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN DIAGNOSTIC SERVICES LABORATORY 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