Pennsylvania › Professional, scientific and technical services › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Laboratory Testing 401(k) Plan
Sponsored by Laboratory Testing LLC, Hatfield, PA
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.
Laboratory Testing LLC of Hatfield, Pennsylvania sponsors Laboratory Testing 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 260 participants (221 active) and $19.3M in net assets.
Net assets came to $68,016 per participant in plan year 2024, above the $60,207 median for defined contribution plans with 100 to 249 participants and below the $73,939 median for defined contribution plans in professional, scientific and technical services. 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 $275K during the year, or $1,245 per active participant against a same-size median of $2,447; participants contributed $1.2M and $129K arrived as rollovers and other contributions. Benefits paid out totalled $1.5M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $78K: $299 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $78K. 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 $5.6M in 2010 to $19.3M in 2025 (up 245%), and participants from 129 to 260 (up 102%).
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, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $68,016 | $60,207 | $73,939 | $53,089 |
| Employer contributions per active participant | $1,197 | $2,447 | $3,219 | $2,174 |
| Schedule C compensation per participant | $296 | $194 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.43% | 0.32% | 0.22% | 0.26% |
| Administrative expenses per participant | $313 | $176 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (22,054 plans), professional, scientific and technical services (9,796) and all US plans (63,607). 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 |
|---|---|---|---|---|---|---|
| 2025 | 260 | $19.3M | $74,188 | $275K | $1.2M | $78K |
| 2024 | 241 | $16.4M | $68,017 | $248K | $976K | $71K |
| 2023 | 208 | $14.5M | $69,740 | $200K | $798K | $29K |
| 2022 | 212 | $12.9M | $60,910 | $159K | $712K | $50K |
| 2021 | 219 | $15.1M | $68,973 | $57K | $663K | $26K |
| 2020 | 230 | $13.5M | $58,643 | $190K | $678K | $18K |
| 2019 | 235 | $11.9M | $50,762 | $204K | $593K | $29K |
| 2018 | 206 | $9.8M | $47,573 | $218K | $618K | $23K |
| 2017 | 195 | $11.3M | $57,954 | $199K | $575K | $14K |
| 2016 | 185 | $9.2M | $49,773 | $185K | $517K | $12K |
| 2015 | 183 | $8.0M | $43,770 | $165K | $442K | $12K |
| 2014 | 168 | $9.1M | $54,429 | $166K | $442K | $13K |
| 2013 | 169 | $8.9M | $52,396 | $289K | $410K | $2,000 |
| 2012 | 158 | $6.6M | $42,044 | $275K | $452K | $1,000 |
| 2011 | 148 | $6.0M | $40,446 | $227K | $401K | $1,000 |
| 2010 | 129 | $5.6M | $43,326 | $243K | $425K | $1,000 |
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$16,391,887
- Employer contributions$275,217
- Participant contributions$1,151,891
- Rollovers and other contributions$129,104
- Total contributions$1,556,212
- Total income, including investment results$4,449,007
- Benefits paid$1,465,766
- Administrative expenses$77,718
- Total expenses$1,551,749
- Net income$2,897,258
- Net transfers$0
- Net assets, end of year$19,289,145
Participants
- Active participants221
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits38
- Participants with account balances211
- Total participants, end of year260
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Commonwealth Financial Network | Investment advisory (plan) | $41,816 | $0 |
| Fidelity Workplace Services, LLC | Plan Administrator; Trustee (discretionary); Investment management; Participant loan processing | $35,902 | $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$41,816
- Recordkeeping fees$34,809
- Contract administrator fees$1,093
- Total administrative expenses$77,718
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.
- Registered investment companies (mutual funds)$19.0M · 98.7%
- Participant loans$126K · 0.7%
- Insurance company general account$92K · 0.5%
- Receivables$39K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmKmco CPAS LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
2GTotal participant-directed account plan2JCode section 401(k) feature2AAge/service weighted or new comparability or similar plan2TTotal or partial participant-directed account plan with a default investment account2EProfit-sharing plan2FERISA section 404(c) plan2S401(k) plan or 403(b) plan that provides for automatic enrollment3DPre-approved pension plan2KCode section 401(m) arrangement
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541990: All Other Professional, Scientific, & Technical Services.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Seer Team Retirement Plan | The New Equation Limited Liability Company DBA Seer Interactive | 265 | $11.0M | $41,520 |
| Davison Design and Development 401(k) Profit Sharing Plan & Trust | Davison Design and Development | 260 | $3.8M | $14,488 |
| Tela Bio, Inc. 401(k) Plan | Tela Bio, Inc. | 265 | $24.6M | $92,682 |
| Shalepro Energy Services LLC 401(k) Profit Sharing Plan and T | Shalepro Energy Services LLC | 260 | $3.9M | $14,860 |
| Chemistry Communications, Inc. 401(k) Profit Sharing Plan | Chemistry Communications, Inc. | 266 | $10.7M | $40,311 |
| Global Tax Management, Inc. Employee Stock Ownership Plan | Global Tax Management, Inc. | 258 | $34.9M | $135,123 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Laboratory Testing 401(k) Plan?
260 participants at the end of the plan year ending 31 Dec 2025, of whom 221 were active employees, with net assets of $19,289,145. Among defined contribution plans that places it in the 250 to 499 participants band, which held 22,054 plans in plan year 2024.
What does Laboratory Testing LLC contribute per participant?
The filing reports $275,217 in employer contributions for the year, which is $1,245 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 $77,718 in compensation to service provider organisations, $299 per participant or 0.40% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $77,718. 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 Laboratory Testing LLC. Recordkeeping or administration: Fidelity Workplace Services, LLC. Investment advisory or management: Commonwealth Financial Network and Fidelity Workplace Services, LLC. Trustee or custodian: Fidelity Workplace Services, LLC. The financial statements were audited by Kmco CPAS 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 2025 to 31 Dec 2025, received by the Department of Labor on 15 Sep 2026. 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 Sep 2026. This page shows the latest filing on record for EIN 58-1577675, plan 001, received 15 Sep 2026; 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.