Retirement plan

PREVEA CLINIC, INC. 401(K) AND RETIREMENT PLAN

Name: PREVEA CLINIC, INC. - PREVEA CLINIC, INC. 401(K) AND RETIREMENT PLAN (2019) Form 5500
Creator: PREVEA CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREVEA CLINIC, INC. 401(K) AND RETIREMENT PLAN, PREVEA CLINIC, INC.

PREVEA CLINIC, INC.EIN 39-1839349Plan #004PY 2019

PO BOX 19070, 2710 EXECUTIVE DRIVE - GREEN BAY, WI 54303920-496-4712

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 2, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

2710 Executive Drive

Green Bay, WI 54304

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Plans declared (1)

Prevea Clinic, Inc. Supplemental Executive Retirement Plan1 emp

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Total assets (EOY)

$358.1M

+22.5% from 2018

Total participants

2,644

+5.5% from 2018

Average account balance

$149,391

+11.7% from 2018

Annual return

22.44%

+26.68 pp from 2018

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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Analytics

Total assets (EOY)

Plan-year ending balance

$546.55M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

2,640

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Service code 12 · EIN 13-3689044	Shareholder servicing fees; Recordkee...	$181,184
HARBOR WEALTH MANAGEMENT LLC5+ years Service code 10 · EIN 26-0878303	Accounting	$27,241
CLIFTONLARSONALLEN LLP1 year Filed as: CRI SECURITIES Service code 16 2945 TRIVERTON PIKE DR · MADISON, WI 53711	Consulting	$17,210
WEALTH MANAGEMENT SYSTEMS INC1 year Filed as: WEALTH ENHANCEMENT GROUP Service code 16 3071 VOYAGER DR · GREEN BAY, WI 54311	Consulting	$14,010
SCHAPER BENZ & WISE INVESTMENT2 years Service code 10 · EIN 39-1705450	Accounting	$12,496
GRANT THORNTON LLP2 years Service code 10 · EIN 36-6055558	Accounting	$11,266
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$4,376
NATIONAL FINANCIAL SERVICES5+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3D

Plan features

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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$273K

$122 / participant

Investment mgmt$76K27.8%
Other / not subdivided$197K72.2%

% of EOY assets

0.076%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT THORNTON
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,391

$47,456+214.8%

$172,739-13.5%

$77,787+92.1%

Participation rate

88.9%

66.3%+22.6pp

82.6%+6.3pp

73.2%+15.7pp

Annual return

22.44%

35.57%-13.1pp

802.84%-780.4pp

32.57%-10.1pp

Employer contribution / active EE

$5,198

$1,574+230.2%

$5,143+1.1%

$2,504+107.6%

Participant deferral / active EE

$5,341

$2,560+108.7%

$5,198+2.8%

$3,967+34.6%

Admin fee / account holder

$114

$81+40.6%

$13,954-99.2%

$100+13.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Service code 12 · EIN 13-3689044

Shareholder servicing fees; Recordkee...

$181,184

HARBOR WEALTH MANAGEMENT LLC5+ years

Service code 10 · EIN 26-0878303

Accounting

$27,241

CLIFTONLARSONALLEN LLP1 year

Filed as: CRI SECURITIES

Service code 16

2945 TRIVERTON PIKE DR · MADISON, WI 53711

Consulting

$17,210

WEALTH MANAGEMENT SYSTEMS INC1 year

Filed as: WEALTH ENHANCEMENT GROUP

Service code 16

3071 VOYAGER DR · GREEN BAY, WI 54311

Consulting

$14,010

SCHAPER BENZ & WISE INVESTMENT2 years

Service code 10 · EIN 39-1705450

Accounting

$12,496

GRANT THORNTON LLP2 years

Service code 10 · EIN 36-6055558

Accounting

$11,266

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$4,376

NATIONAL FINANCIAL SERVICES5+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

PREVEA CLINIC, INC. 401(K) AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREVEA CLINIC, INC. 401(K) AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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