Retirement plan

PATHOLOGY LABORATORY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: PATHOLOGY LABORATORY ASSOCIATES, INC. - PATHOLOGY LABORATORY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PATHOLOGY LABORATORY ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATHOLOGY LABORATORY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, PATHOLOGY LABORATORY ASSOCIATES, INC.

PATHOLOGY LABORATORY ASSOCIATES, INC.EIN 73-1085650Plan #001PY 2024

4142 SOUTH MINGO ROAD - TULSA, OK 741463632918-744-2553LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$57.6M

+10.1% from 2023

Total participants

188

+0.5% from 2023

Average account balance

$308,137

+6.6% from 2023

Annual return

13.61%

+1.95 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.62M

Not enough data

1 years with asset history on file

Average account balance

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

$308K

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.

187

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$663

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 3 by compensation

Provider	Service type	Compensation
MUSTANG TITLE COMPANY1 year Service code 99 7910 SOUTH 101ST EAST AVE · TULSA, OK 74133	Other Fees	$70,059
UPAL2 years Service code 10 · EIN 73-1255640 6840 S. TRENTON AVE. · TULSA, OK 74136	Accounting	$53,387
BOKF, NA2 years Service code 21 · EIN 73-0780382 P.O. BOX 880 · TULSA, OK 74101	Bank Trustee	$615

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$124K

$899 / participant

Trustee / custodial$54K43.5%
Legal$70K56.5%

% of EOY assets

0.215%

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: MORSE & CO., PLLC
Auditor EIN: 453705962
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$308,137

$55,446+455.7%

$155,574+98.1%

$74,429+314.0%

Participation rate

99.3%

61.9%+37.4pp

78.2%+21.1pp

67.2%+32.1pp

Annual return

13.61%

269.20%-255.6pp

64.87%-51.3pp

1368.38%-1354.8pp

Employer contribution / active EE

$9,369

$2,266+313.4%

$4,676+100.4%

$2,625+256.9%

Participant deferral / active EE

$6,063

$2,836+113.8%

$5,629+7.7%

$4,348+39.4%

Admin fee / account holder

$663

$1,743-61.9%

$15,914-95.8%

$1,944-65.9%

Provider

Service type

Compensation

MUSTANG TITLE COMPANY1 year

Service code 99

7910 SOUTH 101ST EAST AVE · TULSA, OK 74133

Other Fees

$70,059

UPAL2 years

Service code 10 · EIN 73-1255640

6840 S. TRENTON AVE. · TULSA, OK 74136

Accounting

$53,387

BOKF, NA2 years

Service code 21 · EIN 73-0780382

P.O. BOX 880 · TULSA, OK 74101

Bank Trustee

$615

PATHOLOGY LABORATORY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATHOLOGY LABORATORY ASSOCIATES, INC. 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