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 (2017) 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 2017

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$36.2M

+13.2% from 2016

Total participants

121

-3.2% from 2016

Average account balance

$298,883

+16.9% from 2016

Annual return

15.90%

+9.33 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
BREMER BANK NATIONAL ASSOCIATION3+ years Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 P.O. BOX 986 · ST. CLOUD, MN 563020986	Bank Trustee	$34,536
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSONALLEN LLP Service code 10 3077 W JEFFERSON ST, STE 105 · JOLIET, IL 60435	Accounting	$10,031
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,527
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB Service code 33 · EIN 94-1737784	Securities brokerage	$164
CHARLES SCHWAB & CO., INC.3+ 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

$46K

$1072 / participant

Contract admin$46K100.0%

% of EOY assets

0.127%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$298,883

$84,236+254.8%

$170,439+75.4%

$70,124+326.2%

Participation rate

100.0%

70.8%+29.2pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

15.90%

23.06%-7.2pp

205.94%-190.0pp

73.14%-57.2pp

Employer contribution / active EE

$31,049

$3,387+816.7%

$5,433+471.5%

$2,342+1225.5%

Participant deferral / active EE

$15,660

$3,086+407.5%

$4,939+217.0%

$3,332+370.0%

Admin fee / account holder

$381

$5,698-93.3%

$13,881-97.3%

$4,645-91.8%

Provider

Service type

Compensation

BREMER BANK NATIONAL ASSOCIATION3+ years

Filed as: BREMER TRUST, N.A.

Service code 21 · EIN 41-1565461

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

Bank Trustee

$34,536

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSONALLEN LLP

Service code 10

3077 W JEFFERSON ST, STE 105 · JOLIET, IL 60435

Accounting

$10,031

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,527

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB

Service code 33 · EIN 94-1737784

Securities brokerage

$164

CHARLES SCHWAB & CO., INC.3+ 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