Retirement plan

MANKATO CLINIC, LTD. 401(K) PROFIT SHARING PLAN

Name: MANKATO CLINIC LTD - MANKATO CLINIC, LTD. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MANKATO CLINIC LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANKATO CLINIC, LTD. 401(K) PROFIT SHARING PLAN, MANKATO CLINIC LTD

MANKATO CLINIC LTDEIN 41-0849339Plan #001PY 2016

1230 E. MAIN STREET - MANKATO, MN 560028674507-625-1811mankatoclinic.comLinkedIn501-1000 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$125M

+11.3% from 2015

Total participants

968

-0.4% from 2015

Average account balance

$144,156

+11.5% from 2015

Annual return

8.58%

+9.40 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$236.02M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

1,148

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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 10 of 11 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Service code 15 · EIN 91-0675641	Recordkeeping	$95,382
AMERICAN FUNDS2+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-1921960	Advisory (Plan)	$66,000
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: FINANCIAL & INVESTMENT MANAGEMENT Service code 26 · EIN 38-2562340	Advisory (Participants)	$34,186
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$30,519
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: NICOLLET INVESTMENT MANAGEMENT Service code 26 · EIN 41-0967364	Advisory (Participants)	$21,347
WINDSOR FINANCIAL GROUP2+ years Service code 26 · EIN 41-1904643	Advisory (Participants)	$13,774
EIDE BAILLY LLP2+ years Filed as: EIDE BAILLEY LLP Service code 27 · EIN 45-0250958	Advisory (Plan)	$12,000
BELLOADVISORS LLC2+ years Service code 26 · EIN 39-3885422	Advisory (Participants)	$10,849
ACCREDITED INVESTORS INC.1 year Service code 26 · EIN 41-1581164	Advisory (Participants)	$7,794
FREDRIKSON & BYRON2+ years Service code 29 · EIN 41-0971937	Legal	$1,115

Plan features & details

Pension benefit codes2G2E2F2J2R2K2T

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.
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.
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

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

$267K

$363 / participant

Contract admin$267K100.0%

% of EOY assets

0.213%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,156

$36,916+290.5%

$156,551-7.9%

$57,658+150.0%

Participation rate

86.3%

63.4%+22.8pp

84.0%+2.2pp

70.2%+16.0pp

Annual return

8.58%

12.38%-3.8pp

32.23%-23.6pp

5.13%+3.4pp

Employer contribution / active EE

$7,246

$1,571+361.4%

$5,501+31.7%

$1,974+267.1%

Participant deferral / active EE

$4,207

$1,926+118.5%

$4,871-13.6%

$3,061+37.5%

Admin fee / account holder

$307

$82+272.8%

$13,028-97.6%

$95+225.3%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$95,382

AMERICAN FUNDS2+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 27 · EIN 41-1921960

Advisory (Plan)

$66,000

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: FINANCIAL & INVESTMENT MANAGEMENT

Service code 26 · EIN 38-2562340

Advisory (Participants)

$34,186

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

$30,519

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: NICOLLET INVESTMENT MANAGEMENT

Service code 26 · EIN 41-0967364

Advisory (Participants)

$21,347

WINDSOR FINANCIAL GROUP2+ years

Service code 26 · EIN 41-1904643

Advisory (Participants)

$13,774

EIDE BAILLY LLP2+ years

Filed as: EIDE BAILLEY LLP

Service code 27 · EIN 45-0250958

Advisory (Plan)

$12,000

BELLOADVISORS LLC2+ years

Service code 26 · EIN 39-3885422

Advisory (Participants)

$10,849

ACCREDITED INVESTORS INC.1 year

Service code 26 · EIN 41-1581164

Advisory (Participants)

$7,794

FREDRIKSON & BYRON2+ years

Service code 29 · EIN 41-0971937

Legal

$1,115

MANKATO CLINIC, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANKATO CLINIC, LTD. 401(K) 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