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 (2018) 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 2018

4240 PARK GLEN RD - MINNEAPOLIS, MN 554164758612-925-6033acp-mn.comLinkedIn201-500 employeesmental health care

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$11.5M

-8.4% from 2017

Total participants

196

-7.5% from 2017

Average account balance

$1,915,923

+3074.9% from 2017

Annual return

-3.04%

-20.36 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$44,086
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY HOLDING Service code 22 · EIN 26-4310632	Insurance Broker	$36,798
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 27 · EIN 26-4311657	Advisory (Plan)	$6,149
GOLDLEAF PARTNERS2 years Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES Service code 15 · EIN 45-0514557	Recordkeeping	$2,735

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$53K

$270 / participant

Contract admin$53K100.0%

% of EOY assets

0.458%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,915,923

$47,977+3893.4%

$154,114+1143.2%

$56,287+3303.8%

Participation rate

2.6%

66.2%-63.6pp

83.0%-80.5pp

69.9%-67.3pp

Annual return

-3.04%

3.54%-6.6pp

735.16%-738.2pp

-9.96%+6.9pp

Employer contribution / active EE

$1,458

$2,169-32.8%

$5,298-72.5%

$2,111-30.9%

Participant deferral / active EE

$3,284

$2,392+37.3%

$5,081-35.4%

$3,350-2.0%

Admin fee / account holder

$8,782

$438+1903.9%

$13,411-34.5%

$521+1585.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$44,086

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY HOLDING

Service code 22 · EIN 26-4310632

Insurance Broker

$36,798

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 27 · EIN 26-4311657

Advisory (Plan)

$6,149

GOLDLEAF PARTNERS2 years

Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES

Service code 15 · EIN 45-0514557

Recordkeeping

$2,735

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