Retirement plan

CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN

Name: CAROLINAS PATHOLOGY GROUP, P.A. - CAROLINAS PATHOLOGY GROUP, P.A. PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$43.3M

+12.4% from 2022

Total participants

153

+9.3% from 2022

Average account balance

$283,210

+2.9% from 2022

Annual return

14.03%

+27.30 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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 9 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.8 years Filed as: CHARLES SCHWAB Service code 27 2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016	Advisory (Plan)	$58,080
AMERICAN UNITED LIFE INSURANCE CO5 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$40,493
MERRILL LYNCH PIERCE FENNER & SMITH8 years Filed as: MERRILL LYNCH Service code 27 8015 W. KENTON CIRCLE SUITE 200 · HUNTERSVILLE, NC 28078	Advisory (Plan)	$19,872
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS Service code 27 6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210	Advisory (Plan)	$18,882
HARBOR7 years Filed as: HARBOR CAPITAL MANAGEMENT INC. Service code 27 831 E MOREHEAD ST. · CHARLOTTE, NC 28202	Advisory (Plan)	$18,165
PROVIDENCE CAPITAL ADVISORS5 years Service code 27 4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211	Advisory (Plan)	$10,635
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN STANLEY Service code 27 6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211	Advisory (Plan)	$9,514
RBC WEALTH MANAGEMENT5 years Service code 27 6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210	Advisory (Plan)	$5,916
MATRIX TRUST COMPANY6 years Service code 18 · EIN 75-3182674	Distribution (12b-1) fees; Trustee (b...	$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

$187K

$1521 / participant

Investment mgmt$130K69.6%
Contract admin$40K21.7%
Other / not subdivided$16K8.7%

% of EOY assets

0.432%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$283,210

$61,356+361.6%

$149,696+89.2%

$71,511+296.0%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

14.03%

35.86%-21.8pp

134.46%-120.4pp

28.86%-14.8pp

Employer contribution / active EE

$13,135

$2,382+451.5%

$4,821+172.5%

$2,589+407.3%

Participant deferral / active EE

$8,564

$2,920+193.3%

$5,682+50.7%

$4,291+99.6%

Admin fee / account holder

$1,222

$1,263-3.2%

$13,212-90.7%

$1,588-23.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.8 years

Filed as: CHARLES SCHWAB

Service code 27

2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016

Advisory (Plan)

$58,080

AMERICAN UNITED LIFE INSURANCE CO5 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$40,493

MERRILL LYNCH PIERCE FENNER & SMITH8 years

Filed as: MERRILL LYNCH

Service code 27

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

Advisory (Plan)

$19,872

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS

Service code 27

6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210

Advisory (Plan)

$18,882

HARBOR7 years

Filed as: HARBOR CAPITAL MANAGEMENT INC.

Service code 27

831 E MOREHEAD ST. · CHARLOTTE, NC 28202

Advisory (Plan)

$18,165

PROVIDENCE CAPITAL ADVISORS5 years

Service code 27

4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211

Advisory (Plan)

$10,635

MORGAN STANLEY SMITH BARNEY8 years

Filed as: MORGAN STANLEY

Service code 27

6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211

Advisory (Plan)

$9,514

RBC WEALTH MANAGEMENT5 years

Service code 27

6000 FAIRVIEW ROAD · CHARLOTTE, NC 28210

Advisory (Plan)

$5,916

MATRIX TRUST COMPANY6 years

Service code 18 · EIN 75-3182674

Distribution (12b-1) fees; Trustee (b...

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