Retirement plan

CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN

Name: CAROLINAS PATHOLOGY GROUP, P.A. - CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN (2020) Form 5500
Creator: CAROLINAS PATHOLOGY GROUP, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN, CAROLINAS PATHOLOGY GROUP, P.A.

CAROLINAS PATHOLOGY GROUP, P.A.EIN 56-0986500Plan #001PY 2020

8720 RED OAK BLVD, SUITE 301 - CHARLOTTE, NC 28217704-973-2493

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$39.4M

+8.5% from 2019

Total participants

143

+4.4% from 2019

Average account balance

$275,488

+3.2% from 2019

Annual return

10.82%

-8.76 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.10M

Not enough data

1 years with asset history on file

Average account balance

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

$296K

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.

166

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

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1163

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB Service code 27 2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016	Advisory (Plan)	$34,390
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$24,839
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY Service code 27 6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211	Advisory (Plan)	$21,762
HARBOR4 years Filed as: HARBOR CAPITAL MANAGEMENT INC. Service code 27 831 E MOREHEAD ST. · CHARLOTTE, NC 28202	Advisory (Plan)	$20,950
MERRILL LYNCH PIERCE FENNER & SMITH5 years Filed as: MERRILL LYNCH Service code 27 8015 W. KENTON CIRCLE SUITE 200 · HUNTERSVILLE, NC 28078	Advisory (Plan)	$14,318
PROVIDENCE CAPITAL ADVISORS2 years Service code 27 4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211	Advisory (Plan)	$6,332
RBC WEALTH MANAGEMENT2 years Service code 27 6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210	Advisory (Plan)	$5,334
MATRIX TRUST COMPANY3 years Service code 18 · EIN 75-3182674	Custodial (other than securities); Tr...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2R3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$212K

$1725 / participant

Investment mgmt$116K54.8%
Contract admin$92K43.3%
Other / not subdivided$4K1.9%

% of EOY assets

0.539%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$275,488

$58,888+367.8%

$178,499+54.3%

$73,493+274.9%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

10.82%

24.86%-14.0pp

151.10%-140.3pp

28.51%-17.7pp

Employer contribution / active EE

$12,434

$2,236+456.0%

$5,011+148.1%

$2,270+447.7%

Participant deferral / active EE

$7,748

$2,568+201.7%

$5,202+48.9%

$3,740+107.2%

Admin fee / account holder

$1,484

$400+270.6%

$13,986-89.4%

$513+189.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB

Service code 27

2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016

Advisory (Plan)

$34,390

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$24,839

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY

Service code 27

6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211

Advisory (Plan)

$21,762

HARBOR4 years

Filed as: HARBOR CAPITAL MANAGEMENT INC.

Service code 27

831 E MOREHEAD ST. · CHARLOTTE, NC 28202

Advisory (Plan)

$20,950

MERRILL LYNCH PIERCE FENNER & SMITH5 years

Filed as: MERRILL LYNCH

Service code 27

8015 W. KENTON CIRCLE SUITE 200 · HUNTERSVILLE, NC 28078

Advisory (Plan)

$14,318

PROVIDENCE CAPITAL ADVISORS2 years

Service code 27

4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211

Advisory (Plan)

$6,332

RBC WEALTH MANAGEMENT2 years

Service code 27

6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210

Advisory (Plan)

$5,334

MATRIX TRUST COMPANY3 years

Service code 18 · EIN 75-3182674

Custodial (other than securities); Tr...

CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING 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