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FORM 5500 DATA

Laboratory Corporation of America Holdings Employees' Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan07/01/1992
  • Net Assets as of 12/31/2013 $1,168,018,202
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants31,734
  • Retired or separated participants receiving benefits118
  • Other retired or separated participants entitled to future benefits5,811
  • Subtotal37,663
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits83
  • Total37,746
  • Total number of participants as of 01/01/201336,580
  • Number of participants with account balances37,164
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested127

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address531 South Spring Street
  • CityBurlington
  • StateNC
  • Zip27215
  • Telephone(336) 222-7566
  • EIN13-3757370
  • Industry Code621510
  • Named AdministratorLisa Hoffman Starr
  • Named Plan SponsorLisa Hoffman Starr

Audit Information

  • Audit StatusAudited
  • AuditorHughes, Pittman & Gupton,LLP
  • Auditor EIN56-1415202
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $25,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $314,562,942
Contributions $114,343,947
Cash Contributions $114,343,947
Cash from Employers $48,843,814
Cash from Participants $60,799,937
Others (including rollovers) $4,700,196
Noncash Contributions $0
Total Earnings on Investments $200,218,995
Total Interest $1,542,291
Interest-Bearing Cash $18,743
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,523,548
Interest from Other Investments $0
Total Dividends $37,521,634
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $161,155,070
Other Income $0
Expenses $100,523,394
Total Benefit Payments $99,895,228
Directly to participants or beneficiaries, including direct rollovers $99,895,228
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $26,960
Certain deemed distributions of participant loans $109,576
Interest expense $0
Total Administrative Expenses $491,630
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $491,630
Net Income $214,039,548
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $1,168,018,202 $933,258,204 25.15%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $9,500,013 $9,007,356 5.47%
Employer Contributions $8,684,397 $8,166,813 6.34%
Participant Contributions $815,616 $840,543 -2.97%
Other Contributions $0 $0 0.0%
General Investments $95,160,733 $95,520,633 -0.38%
Interest-bearing cash $95,160,733 $95,520,633 -0.38%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $39,860,150 $34,503,771 15.52%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $1,023,497,306 $794,226,444 28.87%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,168,018,202 $933,258,204 25.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Inv. Institutional Ops Co

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Inv. Institutional Ops Co Participant loan processing, Recordkeeping fees, Account maintenance fees NONE $501,655 $0 $501,655
Total $501,655 $0 $501,655

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Inv. Institutional Ops Co Boston Financial Data Service Inc Sub-transfer agency fees 0.35% Alzgi Nfj Div Vl Adm $0
Fidelity Inv. Institutional Ops Co American Century Services, LLC Sub-transfer agency fees 0.15% Am Cent Md Cp Val Is $0
Fidelity Inv. Institutional Ops Co Columbia Mgt Investment Services Co Sub-transfer agency fees 0.40% Columbia Acorn Z $0
Fidelity Inv. Institutional Ops Co Janus Services LLC Sub-transfer agency fees 0.10% Perkins Mid Cp Val 1 $0
Fidelity Inv. Institutional Ops Co Boston Financial Data Services Sub-transfer agency fees 0.03% Pim Total Rt Inst $0
Fidelity Inv. Institutional Ops Co Prudential Mutual Fund Services LLC Sub-transfer agency fees 0.25% Pru/J Small Co Z $0
Fidelity Inv. Institutional Ops Co Boston Financial Data Services Inc Sub-transfer agency fees 0.25% Thornburg Int Val R5 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services Inc Sub-transfer agency fees 0.15% Trp Retire Income $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2005 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2010 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2015 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2020 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2025 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2030 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2035 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2040 $0
Fidelity Inv. Institutional Ops Co T. Rowe Price Services, Inc. Sub-transfer agency fees 0.15% Trp Retirement 2045 $0
Fidelity Inv. Institutional Ops Co Citi Fund Services Ohio, Inc Sub-transfer agency fees 0.35% Victory Sm Co Opp A $0
Fidelity Inv. Institutional Ops Co Wells Fargo Financial Sub-transfer agency fees 0.25% Wf Stable Value $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.