Retirement plan

PATHOLOGISTS MEDICAL LABORATORY, P. A. AND AFFILIATES 401(K) PROFIT SHARING PLAN

Name: PATHOLOGISTS MEDICAL LABORATORY, P. A. - PATHOLOGISTS MEDICAL LABORATORY, P. A. AND AFFILIATES 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: PATHOLOGISTS MEDICAL LABORATORY, P. A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATHOLOGISTS MEDICAL LABORATORY, P. A. AND AFFILIATES 401(K) PROFIT SHARING PLAN, PATHOLOGISTS MEDICAL LABORATORY, P. A.

PATHOLOGISTS MEDICAL LABORATORY, P. A.EIN 56-1402065Plan #001PY 2022

10 MEDICAL PARK DRIVE - ASHEVILLE, NC 28803828-253-0762LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11M

-21.1% from 2021

Total participants

+1.8% from 2021

Average account balance

$192,851

-21.1% from 2021

Annual return

-14.46%

-26.37 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.84M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

139.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$702K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102372

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 codes2E2F2G2J2R2T3D

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$42200 / participant

Other / not subdivided$2M100.0%

% of EOY assets

16.124%

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

$192,851

$73,839+161.2%

$143,788+34.1%

$68,495+181.6%

Participation rate

97.6%

66.7%+31.0pp

80.3%+17.3pp

67.9%+29.7pp

Annual return

-14.46%

1.01%-15.5pp

-0.03%-14.4pp

-7.84%-6.6pp

Employer contribution / active EE

$12,319

$3,184+286.9%

$4,952+148.8%

$2,596+374.4%

Participant deferral / active EE

$6,940

$3,384+105.1%

$5,638+23.1%

$4,028+72.3%

Admin fee / account holder

$31,095

$5,755+440.3%

$14,675+111.9%

$5,403+475.5%

PATHOLOGISTS MEDICAL LABORATORY, P. A. AND AFFILIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATHOLOGISTS MEDICAL LABORATORY, P. A. AND AFFILIATES 401(K) 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