Retirement plan

OAKLEAF CLINICS, INC. PROFIT SHARING PLAN

Name: OAKLEAF CLINICS, INC. - OAKLEAF CLINICS, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: OAKLEAF CLINICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAKLEAF CLINICS, INC. PROFIT SHARING PLAN, OAKLEAF CLINICS, INC.

OAKLEAF CLINICS, INC.EIN 27-4563392Plan #001PY 2020

719 W. HAMILTON AVE., STE B - EAU CLAIRE, WI 54701715-852-1165oakleafclinics.comLinkedIn501-1000 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.8M

+23.1% from 2019

Total participants

259

+49.7% from 2019

Average account balance

$153,394

+2.9% from 2019

Annual return

17.10%

-5.09 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.23M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

437

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.43M

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

+16.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$471

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ORGEL WEALTH MANAGEMENT3 years Service code 26 · EIN 46-2793932	Advisory (Participants)	$60,226
WIPFLI LLP3 years Service code 14 · EIN 39-0758449	Plan Administrator	$27,848

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$88K

$389 / participant

Investment mgmt$60K68.4%
Contract admin$28K31.6%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOYUM & BARENSCHEER, PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,394

$58,888+160.5%

$178,499-14.1%

$73,493+108.7%

Participation rate

77.0%

66.2%+10.8pp

81.9%-4.9pp

70.7%+6.3pp

Annual return

17.10%

24.86%-7.8pp

151.10%-134.0pp

28.51%-11.4pp

Employer contribution / active EE

$7,449

$2,236+233.1%

$5,011+48.6%

$2,270+228.1%

Participant deferral / active EE

$5,102

$2,568+98.7%

$5,202-1.9%

$3,740+36.4%

Admin fee / account holder

$425

$400+6.2%

$13,986-97.0%

$513-17.1%

Provider

Service type

Compensation

ORGEL WEALTH MANAGEMENT3 years

Service code 26 · EIN 46-2793932

Advisory (Participants)

$60,226

WIPFLI LLP3 years

Service code 14 · EIN 39-0758449

Plan Administrator

$27,848

OAKLEAF CLINICS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAKLEAF CLINICS, INC. 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