Retirement plan

MANGINI-LAKHIA PROFIT SHARING PLAN

Name: MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A. - MANGINI-LAKHIA PROFIT SHARING PLAN (2020) 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 2020

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)

$7.6M

+30.2% from 2019

Total participants

+4.4% from 2019

Average account balance

$103,566

+23.0% from 2019

Annual return

18.50%

-5.16 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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
NATIONWIDE5 years Service code 15 · EIN 31-1592130	Recordkeeping	$31,595
CALTON & ASSOCIATES, INC.3 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

$66K

$818 / participant

Other / not subdivided$66K100.0%

% of EOY assets

0.876%

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

$103,566

$91,198+13.6%

$178,503-42.0%

$79,856+29.7%

Participation rate

74.1%

69.2%+4.9pp

81.9%-7.9pp

69.6%+4.4pp

Annual return

18.50%

24.20%-5.7pp

151.12%-132.6pp

31.71%-13.2pp

Employer contribution / active EE

$3,633

$3,257+11.6%

$5,011-27.5%

$2,471+47.0%

Participant deferral / active EE

$5,198

$3,237+60.6%

$5,202-0.1%

$3,741+39.0%

Admin fee / account holder

$907

$6,748-86.6%

$13,987-93.5%

$5,306-82.9%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15 · EIN 31-1592130

Recordkeeping

$31,595

CALTON & ASSOCIATES, INC.3 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