Retirement plan

NORTHERN TIER VETERINARY CLINIC PROFIT SHARING PLAN

Name: NORTHERN TIER VETERINARY CLINIC, INC. - NORTHERN TIER VETERINARY CLINIC PROFIT SHARING PLAN (2019) Form 5500
Creator: NORTHERN TIER VETERINARY CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN TIER VETERINARY CLINIC PROFIT SHARING PLAN, NORTHERN TIER VETERINARY CLINIC, INC.

NORTHERN TIER VETERINARY CLINIC, INC.EIN 23-1916489Plan #002PY 2019

218 WEST MAIN ST. - KNOXVILLE, PA 16928814-326-4145LinkedIn11-50 employeesresearch

Other plans on this EIN

1 filing

#001Retirement-$1.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+16.0% from 2018

Total participants

+16.7% from 2018

Average account balance

$197,274

+16.0% from 2018

Annual return

14.09%

+19.24 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$243K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$7636

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of 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
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$68K

$6208 / participant

Other / not subdivided$68K100.0%

% of EOY assets

2.885%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,274

$157,304+25.4%

$141,197+39.7%

$152,909+29.0%

Participation rate

81.8%

84.8%-3.0pp

82.5%-0.7pp

82.5%-0.6pp

Annual return

14.09%

64.34%-50.2pp

71.41%-57.3pp

345.46%-331.4pp

Employer contribution / active EE

$5,934

$5,263+12.8%

$4,736+25.3%

$4,764+24.6%

Participant deferral / active EE

$2,904

$7,111-59.2%

$6,710-56.7%

$5,851-50.4%

Admin fee / account holder

$5,691

$12,126-53.1%

$10,265-44.6%

$11,601-50.9%

NORTHERN TIER VETERINARY CLINIC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN TIER VETERINARY CLINIC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion