Plan Snapshot
- Plan Sponsor: Laboratory Corporation Of America Holdings
- Sponsor EIN: 133757370
- Sponsor Address: 531 SOUTH SPRING STREET, BURLINGTON, NC, 27215
- Plan Type: 401(k)
- Total Participants: 50,677
- Total Assets: $4.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 50,677 | $4.5B | $118.1M | $224.5M |
| 2023 | 47,710 | $3.9B | $112.6M | $216.2M |
| 2022 | 50,826 | $3.7B | $111.5M | $218.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INV. INSTITUTIONAL OPS CO | RECORDKEEPER | $2,632,241 | — | $2,632,241 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $876,614 | — | $876,614 |
| EISNERAMPER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV. INSTITUTIONAL OPS CO — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- EISNERAMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,508,855
- Estimated Expense Ratio: 0.078% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,508,856 | $876,614 | — | — | — |
| 2023 | $3,507,729 | $886,965 | — | — | — |
| 2022 | $3,478,575 | $864,508 | — | — | — |