Retirement plan

TOLEDO CLINIC, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

Name: TOLEDO CLINIC, INC. - TOLEDO CLINIC, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: TOLEDO CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOLEDO CLINIC, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST, TOLEDO CLINIC, INC.

TOLEDO CLINIC, INC.EIN 34-0936207Plan #002PY 2023

4235 SECOR ROAD - TOLEDO, OH 43623419-473-3561toledoclinic.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 30, 1995

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$224M

+18.7% from 2022

Total participants

1,833

+2.7% from 2022

Average account balance

$131,851

+14.4% from 2022

Annual return

19.58%

+37.35 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$261.05M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

1,674

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO9+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$152,466
KOVITZ INVESTMENT GROUP5 years Filed as: KOVITZ INVESTMENT GROUP PARTNERS Service code 28 · EIN 47-5657416	Investment Management	$49,816
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONEAMERICA INV ADVISORY SERVICES LL Service code 28 · EIN 81-3920167	Investment Management	$38,550
LPL FINANCIAL3 years Service code 26 28300 KENSINGTON LANE · PERRYSBURG, OH 43551	Advisory (Participants)	$18,510
TDC INVESTMENET ADVISORY SERVICES9+ years Service code 26 1440 ARROWHEAD DR · MAUMEE, OH 435374016	Advisory (Participants)	$18,322
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES Service code 26 P.O. BOX 23641 · ST. PETERSBURG, FL 337429968	Advisory (Participants)	$13,974
BOLLIN WEALTH MANAGEMENT2 years Service code 26 842 W SOUTH BOUNDARY ST. · PERRYSBURG, OH 43551	Advisory (Participants)	$10,449
WEALTH ADVISORS GROUP6 years Service code 26 12726 COLDWATER ROAD · FORT WAYNE, IN 46845	Advisory (Participants)	$7,833
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$321K

$210 / participant

Recordkeeping$152K47.5%
Investment mgmt$163K50.8%
Other / not subdivided$6K1.7%

% of EOY assets

0.143%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,851

$50,150+162.9%

$149,723-11.9%

$80,169+64.5%

Participation rate

91.2%

64.3%+26.9pp

78.8%+12.5pp

72.9%+18.3pp

Annual return

19.58%

29.80%-10.2pp

134.50%-114.9pp

40.39%-20.8pp

Employer contribution / active EE

$4,631

$1,868+147.9%

$4,821-4.0%

$2,978+55.5%

Participant deferral / active EE

$4,703

$3,195+47.2%

$5,682-17.2%

$5,016-6.2%

Admin fee / account holder

$189

$153+23.7%

$13,215-98.6%

$145+30.3%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO9+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$152,466

KOVITZ INVESTMENT GROUP5 years

Filed as: KOVITZ INVESTMENT GROUP PARTNERS

Service code 28 · EIN 47-5657416

Investment Management

$49,816

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONEAMERICA INV ADVISORY SERVICES LL

Service code 28 · EIN 81-3920167

Investment Management

$38,550

LPL FINANCIAL3 years

Service code 26

28300 KENSINGTON LANE · PERRYSBURG, OH 43551

Advisory (Participants)

$18,510

TDC INVESTMENET ADVISORY SERVICES9+ years

Service code 26

1440 ARROWHEAD DR · MAUMEE, OH 435374016

Advisory (Participants)

$18,322

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES

Service code 26

P.O. BOX 23641 · ST. PETERSBURG, FL 337429968

Advisory (Participants)

$13,974

BOLLIN WEALTH MANAGEMENT2 years

Service code 26

842 W SOUTH BOUNDARY ST. · PERRYSBURG, OH 43551

Advisory (Participants)

$10,449

WEALTH ADVISORS GROUP6 years

Service code 26

12726 COLDWATER ROAD · FORT WAYNE, IN 46845

Advisory (Participants)

$7,833

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

TOLEDO CLINIC, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOLEDO CLINIC, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

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