Retirement plan

NEWTON CLINIC, P.C. MONEY PURCHASE PENSION PLAN

Name: NEWTON CLINIC, P.C. - NEWTON CLINIC, P.C. MONEY PURCHASE PENSION PLAN (2021) Form 5500
Creator: NEWTON CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWTON CLINIC, P.C. MONEY PURCHASE PENSION PLAN, NEWTON CLINIC, P.C.

NEWTON CLINIC, P.C.EIN 42-1131083Plan #003PY 2021

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

Other plans on this EIN

1 filing

#002Retirement-$17.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.8M

+42.6% from 2020

Total participants

+6.1% from 2020

Average account balance

$130,858

+34.4% from 2020

Annual return

41.77%

+37.98 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.47M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$192K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+34.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25292

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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

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

$151K

$3081 / participant

Other / not subdivided$151K100.0%

% of EOY assets

2.219%

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

$130,858

$95,406+37.2%

$185,849-29.6%

$85,847+52.4%

Participation rate

100.0%

68.8%+31.2pp

81.7%+18.3pp

69.3%+30.7pp

Annual return

41.77%

23.59%+18.2pp

122.10%-80.3pp

318.61%-276.8pp

Employer contribution / active EE

$3,870

$3,314+16.8%

$5,169-25.1%

$2,565+50.9%

Participant deferral / active EE

$3,424-100.0%

$5,569-100.0%

$3,952-100.0%

Admin fee / account holder

$2,904

$7,214-59.8%

$16,244-82.1%

$6,261-53.6%

NEWTON CLINIC, P.C. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWTON CLINIC, P.C. MONEY PURCHASE PENSION 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