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 (2016) 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 2016

3100 WEST LAKE STREET, SUITE 210 - MINNEAPOLIS, MN 554164527612-923-6033acp-mn.comLinkedIn201-500 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.8M

+3.2% from 2015

Total participants

185

+12.8% from 2015

Average account balance

$59,588

-9.3% from 2015

Annual return

4.78%

+4.20 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081	Recordkeeping	$1,918

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$12 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.018%

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: ELLINGSON AND ELLINGSON
Auditor EIN: 411399624
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,588

$46,732+27.5%

$156,551-61.9%

$55,167+8.0%

Participation rate

98.2%

65.8%+32.4pp

84.0%+14.2pp

69.0%+29.2pp

Annual return

4.78%

17.72%-12.9pp

32.23%-27.5pp

169.23%-164.5pp

Employer contribution / active EE

$1,612

$2,105-23.4%

$5,501-70.7%

$1,963-17.9%

Participant deferral / active EE

$3,737

$2,204+69.5%

$4,871-23.3%

$3,054+22.3%

Admin fee / account holder

$11

$418-97.5%

$13,028-99.9%

$504-97.9%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Service code 15 · EIN 45-6062081

Recordkeeping

$1,918

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