# Laboratory Testing INC. 401(k) Plan
Source: https://planprovider.pro/companies/laboratory-testing-inc-401k-plan

> Laboratory Testing INC.'s 401(k) plan: 207 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Laboratory Testing INC.

- **Sponsor EIN:** 581577675

- **Sponsor Address:** 2331 TOPAZ DRIVE, HATFIELD, PA, 19440

- **Plan Type:** 401(k)

- **Total Participants:** 207

- **Total Assets:** $16.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|207|$16.4M|$247,707|$975,826|

| 2023|168|$14.5M|$200,498|$798,309|

| 2022|165|$12.9M|$158,921|$711,626|

## 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|

| COMMONWEALTH FINANCIAL NETWORK|ADVISOR|$36,827|—|$36,827|

| FIDELITY WORKPLACE SERVICES LLC|PLAN ADMINISTRATOR|$34,446|—|$34,446|

| KREISCHER MILLER|Auditor|$4,213|—|$4,213|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — ADVISOR

- [KREISCHER MILLER](https://planprovider.pro/provider/kreischer-miller) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $75,486

- **Estimated Expense Ratio:** 0.461% 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|$75,486|$36,827|$1,051|$4,213|—|

| 2023|$34,783|$5,272|$293|—|—|

| 2022|$49,753|$32,881|$3,122|—|$13,750|

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