Retirement plan

MANGINI-LAKHIA PROFIT SHARING PLAN

Name: MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A. - MANGINI-LAKHIA PROFIT SHARING PLAN (2019) Form 5500
Creator: MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANGINI-LAKHIA PROFIT SHARING PLAN, MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A.

MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A.EIN 74-2155418Plan #002PY 2019

1140 BUSINESS CENTER DR, STE 370 - HOUSTON, TX 770432742713-271-6881LinkedIn1-10 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

+14.1% from 2018

Total participants

+26.8% from 2018

Average account balance

$84,185

+14.1% from 2018

Annual return

23.66%

-12.21 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.92M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$777K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10341

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 15 · EIN 31-1592130	Recordkeeping	$26,344
CALTON & ASSOCIATES, INC.2 years Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

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

$1.1M

$14394 / participant

Other / not subdivided$1M100.0%

% of EOY assets

19.328%

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

$84,185

$85,171-1.2%

$172,752-51.3%

$72,975+15.4%

Participation rate

73.1%

70.1%+3.0pp

82.6%-9.6pp

69.5%+3.6pp

Annual return

23.66%

27.32%-3.7pp

802.97%-779.3pp

81.01%-57.4pp

Employer contribution / active EE

$3,362

$3,324+1.1%

$5,144-34.6%

$2,440+37.8%

Participant deferral / active EE

$4,755

$3,260+45.9%

$5,198-8.5%

$3,608+31.8%

Admin fee / account holder

$16,271

$5,880+176.7%

$13,955+16.6%

$5,124+217.6%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15 · EIN 31-1592130

Recordkeeping

$26,344

CALTON & ASSOCIATES, INC.2 years

Service code 15

Recordkeeping

MANGINI-LAKHIA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANGINI-LAKHIA 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