Neogenomics Laboratories, Inc. 401(k) Review & Grade
Neogenomics Laboratories, Inc. 401(k) Profit Sharing Plan
Fort Myers, FLHealth Care & Social Assistance2,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,755Employer $ per active participant
$9,436Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$200.9MNet plan assets, end of year
$89,258Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 67th |
| Employee saving | 97th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,987 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Neogenomics Laboratories put in about $3,755 per active participant, more than the typical peer ($976). 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 | $7,945,707 |
| Participant (employee) contributions | $19,966,059 |
| Other contributions (incl. rollovers in) | $5,681,173 |
| Administrative expenses paid from the plan | $234,217 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $75,262 |
| Other admin expenses | $17,500 |
| Benefits paid out | $15,339,754 |
| Net assets, start / end of year | $158.7M / $200.9M |
| Active participants, start / end of year | 2,086 / 2,146 |
| Participants with account balances | 2,251 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $141,455 reported compensation |
| Strategic Advisors, Inc. | $75,262 reported compensation |
| Creative Planning Holdco, LLC | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012202500NAL0000676513001, received 2025-10-12, EIN 59-3725585, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.