North Carolina › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Carolinas Pathology Group, P.A. Profit Sharing Plan
Sponsored by Carolinas Pathology Group, P.A., Charlotte, NC
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Carolinas Pathology Group, P.A. Profit Sharing Plan is a 401(k) plan sponsored by Carolinas Pathology Group, P.A. of Charlotte, North Carolina. For the plan year ending 31 Dec 2024 it reported 166 participants, 133 of them active, and net assets of $49.1M.
Net assets came to $295,799 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $540K during the year, or $4,060 per active participant against a same-size median of $2,447; participants contributed $1.1M and $576K arrived as rollovers and other contributions. Benefits paid out totalled $2.2M.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $190K: $1,145 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $193K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $28.4M in 2015 to $49.1M in 2024 (up 73%), and participants from 161 to 166 (up 3%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $295,799 | $60,185 | $30,764 | $53,102 |
| Employer contributions per active participant | $4,060 | $2,447 | $1,536 | $2,175 |
| Schedule C compensation per participant | $1,145 | $194 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.39% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | $1,163 | $176 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 166 | $49.1M | $295,801 | $540K | $1.1M | $190K |
| 2023 | 153 | $43.3M | $283,209 | $1.6M | $1.1M | $182K |
| 2022 | 140 | $38.5M | $275,250 | $1.4M | $948K | $199K |
| 2021 | 136 | $46.8M | $344,213 | $1.5M | $912K | $171K |
| 2020 | 143 | $39.4M | $275,490 | $1.5M | $953K | $128K |
| 2019 | 137 | $36.3M | $264,642 | $1.5M | $937K | $154K |
| 2018 | 123 | $28.6M | $232,642 | $1.5M | $875K | $169K |
| 2017 | 165 | $31.2M | $189,267 | $1.4M | $783K | $150K |
| 2016 | 167 | $27.4M | $164,006 | $984K | $658K | $98K |
| 2015 | 161 | $28.4M | $176,205 | $1.4M | $777K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$43,331,086
- Employer contributions$539,973
- Participant contributions$1,080,506
- Rollovers and other contributions$575,781
- Total contributions$2,196,260
- Total income, including investment results$8,190,375
- Benefits paid$2,225,799
- Administrative expenses$193,054
- Total expenses$2,418,853
- Net income$5,771,522
- Net transfers$0
- Net assets, end of year$49,102,608
Participants
- Active participants133
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits33
- Participants with account balances166
- Total participants, end of year166
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Charles Schwab | Investment advisory (plan) | $73,099 | $0 |
| Oneamerica Retirement Services | Recordkeeping and information management; Participant loan processing; Participant communication | $26,282 | $0 |
| Merrill Lynch | Investment advisory (plan) | $25,707 | $0 |
| Wells Fargo Advisors | Investment advisory (plan) | $21,316 | $0 |
| Providence Capital Advisors | Investment advisory (plan) | $12,880 | $0 |
| Harbor Capital Management Inc. | Investment advisory (plan) | $10,300 | $0 |
| Morgan Stanley | Investment advisory (plan) | $8,007 | $0 |
| RBC Wealth Management | Investment advisory (plan) | $6,242 | $0 |
| Hardy Reed/fidelity | Investment advisory (plan) | $6,241 | $0 |
| Matrix Trust Company | Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution); Trustee (directed); Other services | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$143,017
- Contract administrator fees$26,282
- Other administrative expenses$23,755
- Total administrative expenses$193,054
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Other investments$25.4M · 51.7%
- Registered investment companies (mutual funds)$23.6M · 48.2%
- Insurance company general account$52K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account2RParticipant-directed brokerage accounts provided as an investment option under the plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621111: Offices of Physicians (except mental health specialists).
Similar plans in North Carolina
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Retirement Plan for Action Pathways, Inc. | Action Pathways, Inc. | 166 | $3.3M | $20,084 |
| Urology Specialists of the Carolinas, PLLC 401(k) Plan | Urology Specialists of the Carolinas, PLLC | 166 | $29.8M | $179,780 |
| Ara Health Specialists, P.A. 401(k) Profit Sharing Plan | Ara Health Specialists, P. a. | 168 | $87.3M | $519,914 |
| Union County Community Action Inc. 401(k) Plan | Union County Community Action Inc. | 164 | $2.2M | $13,397 |
| Macon Program for Progress, Inc. 401(k) Retirement Plan | Macon Program for Progress, Inc. | 169 | $2.9M | $17,070 |
| Hopeway Foundation 401(k) Plan | Hopeway Foundation | 163 | $6.0M | $36,645 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Carolinas Pathology Group, P.A. Profit Sharing Plan?
166 participants at the end of the plan year ending 31 Dec 2024, of whom 133 were active employees, with net assets of $49,102,608. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Carolinas Pathology Group, P.A. contribute per participant?
The filing reports $539,973 in employer contributions for the year, which is $4,060 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $190,074 in compensation to service provider organisations, $1,145 per participant or 0.39% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $193,054. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Carolinas Pathology Group, P.A.. Recordkeeping or administration: Oneamerica Retirement Services. Investment advisory or management: Charles Schwab, Merrill Lynch and Wells Fargo Advisors. Trustee or custodian: Matrix Trust Company. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 27 Aug 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 56-0986500, plan 001, received 27 Aug 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.