Retirement plan

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

Name: MANKATO CLINIC LTD - MANKATO CLINIC, LTD. 401(K) PROFIT SHARING PLAN (2019) 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 2019

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$174.3M

+20.7% from 2018

Total participants

1,087

+3.5% from 2018

Average account balance

$164,547

+17.0% from 2018

Annual return

20.60%

+25.26 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 9 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.5+ years Service code 15 · EIN 91-0675641	Recordkeeping	$167,589
AMERICAN FUNDS5+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-1921960	Advisory (Plan)	$68,000
JP MORGAN INVESTMENT MANAGEMENT INC5+ years Filed as: NICOLLET INVESTMENT MANAGEMENT Service code 26 · EIN 41-0967364	Advisory (Participants)	$32,692
BELLOADVISORS LLC5+ years Service code 26 · EIN 39-3885422	Advisory (Participants)	$18,125
CAPFINANCIAL PARTNERS LLC3 years Service code 26 · EIN 26-0058143	Advisory (Participants)	$17,570
FALKER INVESTMENTS INC2 years Service code 26 · EIN 41-1845081	Advisory (Participants)	$10,787
MERCER1 year Filed as: MERCER GLOBAL ADVISORS INC. Service code 26 · EIN 74-3257877	Advisory (Participants)	$9,539
JP MORGAN INVESTMENT MANAGEMENT INC4 years Filed as: FINANCIAL & INVESTMENT MANAGEMENT Service code 26 · EIN 38-2562340	Advisory (Participants)	$9,196
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$1,512

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

$335K

$432 / participant

Other / not subdivided$335K100.0%

% of EOY assets

0.192%

all-in expense ratio

Categories reported

0 / 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

$164,547

$62,928+161.5%

$172,752-4.7%

$67,579+143.5%

Participation rate

96.4%

64.5%+31.9pp

82.6%+13.7pp

71.3%+25.1pp

Annual return

20.60%

30.36%-9.8pp

802.97%-782.4pp

378.56%-358.0pp

Employer contribution / active EE

$7,825

$1,636+378.3%

$5,144+52.1%

$2,148+264.3%

Participant deferral / active EE

$5,133

$2,145+139.3%

$5,198-1.2%

$3,539+45.0%

Admin fee / account holder

$316

$167+89.7%

$13,955-97.7%

$142+122.2%

Provider

Service type

Compensation

MILLIMAN, INC.5+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$167,589

AMERICAN FUNDS5+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 27 · EIN 41-1921960

Advisory (Plan)

$68,000

JP MORGAN INVESTMENT MANAGEMENT INC5+ years

Filed as: NICOLLET INVESTMENT MANAGEMENT

Service code 26 · EIN 41-0967364

Advisory (Participants)

$32,692

BELLOADVISORS LLC5+ years

Service code 26 · EIN 39-3885422

Advisory (Participants)

$18,125

CAPFINANCIAL PARTNERS LLC3 years

Service code 26 · EIN 26-0058143

Advisory (Participants)

$17,570

FALKER INVESTMENTS INC2 years

Service code 26 · EIN 41-1845081

Advisory (Participants)

$10,787

MERCER1 year

Filed as: MERCER GLOBAL ADVISORS INC.

Service code 26 · EIN 74-3257877

Advisory (Participants)

$9,539

JP MORGAN INVESTMENT MANAGEMENT INC4 years

Filed as: FINANCIAL & INVESTMENT MANAGEMENT

Service code 26 · EIN 38-2562340

Advisory (Participants)

$9,196

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$1,512

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