Retirement plan

ASSOCIATED CLINIC OF PSYCHOLOGY 401(K) PROFIT SHARING PLAN

Name: ASSOCIATED CLINIC OF PSYCHOLOGY, INC. - ASSOCIATED CLINIC OF PSYCHOLOGY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ASSOCIATED CLINIC OF PSYCHOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATED CLINIC OF PSYCHOLOGY 401(K) PROFIT SHARING PLAN, ASSOCIATED CLINIC OF PSYCHOLOGY, INC.

ASSOCIATED CLINIC OF PSYCHOLOGY, INC.EIN 41-1425197Plan #001PY 2024

4240 PARK GLEN RD - MINNEAPOLIS, MN 554164758612-455-8661acp-mn.comLinkedIn201-500 employeesmental health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.2M

-2.8% from 2023

Total participants

344

+7.2% from 2023

Average account balance

$56,691

-8.0% from 2023

Annual return

13.81%

-5.08 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.16M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

338

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$335

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8 years Service code 15 · EIN 13-3689044	Recordkeeping	$89,023
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 22	Insurance Broker	$55,856
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Service code 27 · EIN 26-4311657	Advisory (Plan)	$10,975
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$3,691
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANELY SMITH BARNEY LLC Service code 22 · EIN 51-0116113	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

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

$113K

$437 / participant

Contract admin$113K100.0%

% of EOY assets

0.591%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLINGSON & ELLINGSON, LTD.
Auditor EIN: 411399624
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,691

$50,902+11.4%

$155,534-63.6%

$77,736-27.1%

Participation rate

97.7%

63.1%+34.6pp

78.2%+19.5pp

70.6%+27.1pp

Annual return

13.81%

34.85%-21.0pp

64.92%-51.1pp

31.26%-17.5pp

Employer contribution / active EE

$2,142

$1,991+7.6%

$4,675-54.2%

$2,728-21.5%

Participant deferral / active EE

$4,918

$2,824+74.2%

$5,630-12.6%

$4,651+5.8%

Admin fee / account holder

$335

$437-23.4%

$15,900-97.9%

$433-22.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8 years

Service code 15 · EIN 13-3689044

Recordkeeping

$89,023

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 22

Insurance Broker

$55,856

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Service code 27 · EIN 26-4311657

Advisory (Plan)

$10,975

ASCENSUS LLC4 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$3,691

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANELY SMITH BARNEY LLC

Service code 22 · EIN 51-0116113

Insurance Broker

ASSOCIATED CLINIC OF PSYCHOLOGY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED CLINIC OF PSYCHOLOGY 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