Retirement plan

IOWA ORTHOPAEDIC CENTER, P.C. 401(K) PROFIT SHARING PLAN

Name: IOWA ORTHOPAEDIC CENTER, P.C. - IOWA ORTHOPAEDIC CENTER, P.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: IOWA ORTHOPAEDIC CENTER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IOWA ORTHOPAEDIC CENTER, P.C. 401(K) PROFIT SHARING PLAN, IOWA ORTHOPAEDIC CENTER, P.C.

IOWA ORTHOPAEDIC CENTER, P.C.EIN 42-0981845Plan #001PY 2024

450 LAUREL STREET, SUITE A - DES MOINES, IA 50314515-247-8400LinkedIn1-10 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$68.9M

+12.1% from 2023

Total participants

502

+9.1% from 2023

Average account balance

$163,758

+10.2% from 2023

Annual return

11.43%

-2.43 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

$68.94M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

421

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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 9 by compensation

Provider	Service type	Compensation
NATIONWIDE10+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$66,663
FOSTER GROUP8 years Service code 26 6601 WESTOWN PARKWAY · WEST DES MOINES, IA 50266	Advisory (Participants)	$46,413
STEELE CAPITAL MANAGEMENT, INC.9 years Service code 26 788 MAIN STREET · DUBUQUE, IA 52001	Advisory (Participants)	$28,335
IOWA STATE BANK1 year Filed as: IOWA FINANCIAL PARTNERS Service code 26 1450 SW VINTAGE PKWY, STE 225 · ANKENY, IA 50023	Advisory (Participants)	$17,700
MOKOSAK ADVISORY GROUP, LLC7 years Service code 28 2900 100TH ST, STE 102 · URBANDALE, IA 50322	Investment Management	$12,950
LPL FINANCIAL1 year Service code 28 1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104	Investment Management	$12,732
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 27 PO BOX 770003 · CINCINNATI, OH 45277	Advisory (Plan)	$7,966
MARINER LLC2 years Filed as: MARINER WEALTH ADVISORS Service code 26 366 REGENCY PKWY · OMAHA, NE 681143718	Advisory (Participants)	$7,221
PRINCIPAL LIFE INSURANCE COMPANY9 years Filed as: PRINCIPAL SECURITIES Service code 53 711 HIGH STREET · DES MOINES, IA 503921140	Insurance Commissions	$5,044

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$134K

$368 / participant

Investment mgmt$134K100.0%

% of EOY assets

0.194%

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: DENMAN CPA LLP
Auditor EIN: 420794029
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,758

$50,902+221.7%

$155,534+5.3%

$77,736+110.7%

Participation rate

77.7%

63.1%+14.7pp

78.2%-0.5pp

70.6%+7.2pp

Annual return

11.43%

34.85%-23.4pp

64.92%-53.5pp

31.26%-19.8pp

Employer contribution / active EE

$7,262

$1,991+264.7%

$4,675+55.3%

$2,728+166.2%

Participant deferral / active EE

$4,754

$2,824+68.3%

$5,630-15.6%

$4,651+2.2%

Admin fee / account holder

$318

$437-27.3%

$15,900-98.0%

$433-26.6%

Provider

Service type

Compensation

NATIONWIDE10+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$66,663

FOSTER GROUP8 years

Service code 26

6601 WESTOWN PARKWAY · WEST DES MOINES, IA 50266

Advisory (Participants)

$46,413

STEELE CAPITAL MANAGEMENT, INC.9 years

Service code 26

788 MAIN STREET · DUBUQUE, IA 52001

Advisory (Participants)

$28,335

IOWA STATE BANK1 year

Filed as: IOWA FINANCIAL PARTNERS

Service code 26

1450 SW VINTAGE PKWY, STE 225 · ANKENY, IA 50023

Advisory (Participants)

$17,700

MOKOSAK ADVISORY GROUP, LLC7 years

Service code 28

2900 100TH ST, STE 102 · URBANDALE, IA 50322

Investment Management

$12,950

LPL FINANCIAL1 year

Service code 28

1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104

Investment Management

$12,732

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 27

PO BOX 770003 · CINCINNATI, OH 45277

Advisory (Plan)

$7,966

MARINER LLC2 years

Filed as: MARINER WEALTH ADVISORS

Service code 26

366 REGENCY PKWY · OMAHA, NE 681143718

Advisory (Participants)

$7,221

PRINCIPAL LIFE INSURANCE COMPANY9 years

Filed as: PRINCIPAL SECURITIES

Service code 53

711 HIGH STREET · DES MOINES, IA 503921140

Insurance Commissions

$5,044

IOWA ORTHOPAEDIC CENTER, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IOWA ORTHOPAEDIC CENTER, P.C. 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