Retirement plan

NEWTON CLINIC, P.C. PROFIT SHARING PLAN

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

NEWTON CLINIC, P.C.EIN 42-1131083Plan #002PY 2024

300 N 4TH AVE E, STE 200 - NEWTON, IA 50208641-792-2112LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$5.5M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$18.1M

+34.1% from 2023

Total participants

+7.1% from 2023

Average account balance

$410,374

+28.0% from 2023

Annual return

36.00%

+26.40 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.52M

Not enough data

1 years with asset history on file

Average account balance

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

$359K

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.

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$450K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+8.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75257

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$599K

$13928 / participant

Other / not subdivided$599K100.0%

% of EOY assets

3.317%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$410,374

$81,276+404.9%

$155,574+163.8%

$80,925+407.1%

Participation rate

97.7%

66.2%+31.4pp

78.2%+19.5pp

67.7%+30.0pp

Annual return

36.00%

33.36%+2.6pp

64.87%-28.9pp

35.65%+0.3pp

Employer contribution / active EE

$7,980

$3,103+157.2%

$4,676+70.7%

$2,756+189.5%

Participant deferral / active EE

$3,453-100.0%

$5,629-100.0%

$4,299-100.0%

Admin fee / account holder

$13,612

$7,993+70.3%

$15,914-14.5%

$6,940+96.1%

NEWTON CLINIC, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWTON CLINIC, P.C. 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