Laboratory Corporation of America Holdings 401(k) Review & Grade
Laboratory Corporation of America Holdings 401(k) Savings Plan
Burlington, NCHealth Care & Social Assistance49,194 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,401Employer $ per active participant
$4,563Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$4.5BNet plan assets, end of year
$66,909Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 51th |
| Employee saving | 49th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,864 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Laboratory Corporation of America Holdings put in about $2,401 per active participant, more than the typical peer ($2,086). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $118,115,262 |
| Participant (employee) contributions | $224,462,860 |
| Other contributions (incl. rollovers in) | $93,482,701 |
| Administrative expenses paid from the plan | $3,508,856 |
| Investment advisory & management fees | $876,614 |
| Benefits paid out | $453,265,067 |
| Net assets, start / end of year | $3.9B / $4.5B |
| Active participants, start / end of year | 47,710 / 50,677 |
| Participants with account balances | 66,926 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Inv. Institutional Ops Co | $2,632,241 reported compensation |
| Strategic Advisors, Inc. | $876,614 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164322NAL0010369362001, received 2025-10-15, EIN 13-3757370, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.