Retirement plan

ALEXANDRIA CLINIC, P.A. 401(K) PROFIT SHARING PLAN

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

ALEXANDRIA CLINIC P.A.EIN 41-0953818Plan #001PY 2016

610 30TH AVENUE WEST - ALEXANDRIA, MN 56308320-763-5123

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$31.9M

No prior year

Total participants

125

No prior year

Average account balance

$255,588

No prior year

Annual return

6.58%

No prior year

Benchmarks

See 17,770 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,770 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$61.43M

Not enough data

1 years with asset history on file

Average account balance

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

$608K

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.

101

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.

171.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$55K

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

+16.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49565

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
BREMER BANK NATIONAL ASSOCIATION2+ years Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 P.O. BOX 986 · ST. CLOUD, MN 563020986	Bank Trustee	$39,689
CLIFTONLARSONALLEN LLP1+ years Service code 10 · EIN 41-0746749 P.O. BOX 86 · MINNEAPOLIS, MN 554862371	Accounting	$10,221
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$49K

$1125 / participant

Contract admin$49K100.0%

% of EOY assets

0.155%

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$255,588

$77,634+229.2%

$156,549+63.3%

$62,891+306.4%

Participation rate

100.0%

71.2%+28.8pp

84.0%+16.0pp

69.3%+30.7pp

Annual return

6.58%

50.32%-43.7pp

32.23%-25.7pp

20.14%-13.6pp

Employer contribution / active EE

$24,972

$3,444+625.2%

$5,501+353.9%

$2,281+994.8%

Participant deferral / active EE

$15,633

$3,045+413.3%

$4,871+220.9%

$3,203+388.1%

Admin fee / account holder

$396

$5,561-92.9%

$13,027-97.0%

$4,296-90.8%

Provider

Service type

Compensation

BREMER BANK NATIONAL ASSOCIATION2+ years

Filed as: BREMER TRUST, N.A.

Service code 21 · EIN 41-1565461

P.O. BOX 986 · ST. CLOUD, MN 563020986

Bank Trustee

$39,689

CLIFTONLARSONALLEN LLP1+ years

Service code 10 · EIN 41-0746749

P.O. BOX 86 · MINNEAPOLIS, MN 554862371

Accounting

$10,221

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33

Securities brokerage

ALEXANDRIA CLINIC, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALEXANDRIA CLINIC, P.A. 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