Laboratory Corporation of America Holdings
BURLINGTON, NC · Health care and social assistance · sponsor EIN 13-3757370 · 1 plan with Schedule H financials, latest plan year 2024
SEC registrant: Laboratory Corp of America Holdings.
Plan terms
Plan terms are not published in public filings.
LABORATORY CORPORATION OF AMERICA HOLDINGS 401(K) SAVINGS PLAN
Plan year 2024-01-01 to 2024-12-31 · $4,477,958,200 in assets · 66,926 participants with a balance · >$1B bucket, single-employer · plan number 003
At a glance
Recordkeeping fees per participant (headline)
$39.33
higher than 63% of the 790 plans of similar size (>$1B) that report it
= recordkeeping_fees / participants_with_balance. Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015164322NAL0010369362001, received 2025-10-15 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015164322NAL0010369362001, received 2025-10-15
Administrative expenses excluding investment management, per participant
$39.33
higher than 40% of the 1,045 plans of similar size (>$1B) that report it
= admin_excl_invmgmt / participants_with_balance. derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015164322NAL0010369362001, received 2025-10-15 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015164322NAL0010369362001, received 2025-10-15
Administrative expenses per participant
$52.43
higher than 33% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / participants_with_balance. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015164322NAL0010369362001, received 2025-10-15 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015164322NAL0010369362001, received 2025-10-15
Administrative expenses as a share of assets
0.078%
higher than 77% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / assets_eoy. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015164322NAL0010369362001, received 2025-10-15 · assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015164322NAL0010369362001, received 2025-10-15
Employer contributions per participant
$1,765
higher than 14% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / participants_with_balance. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015164322NAL0010369362001, received 2025-10-15 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015164322NAL0010369362001, received 2025-10-15
Employer share of total contributions
27.1%
higher than 29% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / total_contrib. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015164322NAL0010369362001, received 2025-10-15 · total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015164322NAL0010369362001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans of the same asset bucket and plan year, excluding final filings; a percentile is shown only where at least 50 comparable plans report the figure. The match formula is not in the filing; only amounts are shown.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3H controlled-group sponsor Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015164322NAL0010369362001, received 2025-10-15
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INV. INSTITUTIONAL OPS CO (recordkeeper) | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $2,632,241 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $876,614 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015164322NAL0010369362001, received 2025-10-15.
Full record
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LABORATORY CORPORATION OF AMERICA HOLDINGS | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Plan name | LABORATORY CORPORATION OF AMERICA HOLDINGS 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Sponsor EIN / plan number | 13-3757370 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Sponsor location | BURLINGTON, NC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Industry (business code) | 621510, Health care and social assistance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Participants, beginning of year | 64,443 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Active participants | 50,677 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Participants, end of year | 67,355 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Participants with an account balance | 66,926 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total assets, beginning of year | $3,883,026,210 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total assets, end of year | $4,477,958,200 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Net assets, end of year | $4,477,958,200 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total income | $1,049,284,817 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Net income | $592,297,599 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Employer contributions | $118,115,262 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Participant contributions | $224,462,860 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $93,482,701 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total contributions | $436,060,823 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Benefit payments | $453,265,067 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $456,987,218 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Total administrative expenses | $3,508,856 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Recordkeeping fees | $2,632,242 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Investment advisory and management fees | $876,614 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Administrative expenses excluding investment management | $2,632,242 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Held in common/collective trusts | $4,102,586,787 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Held in mutual funds | $288,405,012 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015164322NAL0010369362001, received 2025-10-15 |
| Independent auditor | EISNERAMPER LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015164322NAL0010369362001, received 2025-10-15 |
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $3,883,026,210 | $4,477,958,200 | 15.3% |
| Participants with a balance | 64,024 | 66,926 | 4.5% |
| Administrative expenses | $3,507,729 | $3,508,856 | 0.0% |
| Recordkeeping fees per participant | $40.31 | $39.33 | -2.4% |
| Employer contributions | $112,645,704 | $118,115,262 | 4.9% |
Prior filing 20241001104408NAL0012134704001, received 2024-10-01; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: LABORATORY CORPORATION OF AMERICA HOLDINGS; SEC registrant: LABORATORY CORP OF AMERICA HOLDINGS/DE (CIK 2022473, matched by EIN).