Retirement plan

MANGINI-LAKHIA PROFIT SHARING PLAN

Name: MANGINI-LAKHIA PATHOLOGY LABORATORY, P.A. - MANGINI-LAKHIA PROFIT SHARING PLAN (2023) 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 2023

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)

$9.4M

+23.3% from 2022

Total participants

+6.5% from 2022

Average account balance

$125,265

+16.7% from 2022

Annual return

15.65%

+34.90 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE8 years Service code 15 · EIN 31-1592130	Recordkeeping	$37,412
PENSION PROFESSIONALS, INC.1 year Filed as: THE PENSION PROFESSIONALS Service code 55 · EIN 37-1548398	Other Commissions	$1,075
CALTON & ASSOCIATES, INC.6 years Service code 55	Other Commissions	$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

$309K

$3772 / participant

Other / not subdivided$309K100.0%

% of EOY assets

3.292%

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

$125,265

$77,908+60.8%

$149,696-16.3%

$75,173+66.6%

Participation rate

70.7%

65.6%+5.2pp

78.8%-8.0pp

67.2%+3.5pp

Annual return

15.65%

31.73%-16.1pp

134.46%-118.8pp

160.72%-145.1pp

Employer contribution / active EE

$3,806

$3,138+21.3%

$4,821-21.1%

$2,671+42.5%

Participant deferral / active EE

$5,939

$3,411+74.1%

$5,682+4.5%

$4,126+43.9%

Admin fee / account holder

$4,124

$5,950-30.7%

$13,212-68.8%

$5,651-27.0%

Provider

Service type

Compensation

NATIONWIDE8 years

Service code 15 · EIN 31-1592130

Recordkeeping

$37,412

PENSION PROFESSIONALS, INC.1 year

Filed as: THE PENSION PROFESSIONALS

Service code 55 · EIN 37-1548398

Other Commissions

$1,075

CALTON & ASSOCIATES, INC.6 years

Service code 55

Other Commissions

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