Retirement plan

PHYSICIANS' CLINIC OF IOWA, P. C. 401(K) PROFIT SHARING PLAN

Name: PHYSICIANS CLINIC OF IOWA, P.C. - PHYSICIANS' CLINIC OF IOWA, P. C. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: PHYSICIANS CLINIC OF IOWA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHYSICIANS' CLINIC OF IOWA, P. C. 401(K) PROFIT SHARING PLAN, PHYSICIANS CLINIC OF IOWA, P.C.

PHYSICIANS CLINIC OF IOWA, P.C.EIN 42-1462899Plan #013PY 2018

202 10TH STREET SE - CEDAR RAPIDS, IA 52403319-247-3101pcofiowa.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$70.7M

-7.5% from 2017

Total participants

488

+11.9% from 2017

Average account balance

$166,271

-11.7% from 2017

Annual return

-6.91%

-21.84 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114.20M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

535

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$221,643
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL LLC-RPLP Service code 27 · EIN 95-2834236	Advisory (Plan)	$35,000
FINANCIAL NETWORK INVESTMENT CORP1 year Filed as: FINANCIAL NETWORK INVESTMENTS CORP Service code 27 · EIN 95-3845382	Advisory (Plan)	$19,167

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T

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

$302K

$725 / participant

Other / not subdivided$302K100.0%

% of EOY assets

0.428%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,271

$37,196+347.0%

$154,108+7.9%

$55,725+198.4%

Participation rate

84.9%

64.1%+20.8pp

83.0%+1.9pp

70.9%+14.0pp

Annual return

-6.91%

1319.68%-1326.6pp

735.21%-742.1pp

244.93%-251.8pp

Employer contribution / active EE

$8,040

$1,614+398.1%

$5,298+51.8%

$2,078+286.9%

Participant deferral / active EE

$4,935

$2,068+138.6%

$5,081-2.9%

$3,356+47.1%

Admin fee / account holder

$712

$102+600.6%

$13,411-94.7%

$115+517.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$221,643

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL LLC-RPLP

Service code 27 · EIN 95-2834236

Advisory (Plan)

$35,000

FINANCIAL NETWORK INVESTMENT CORP1 year

Filed as: FINANCIAL NETWORK INVESTMENTS CORP

Service code 27 · EIN 95-3845382

Advisory (Plan)

$19,167

PHYSICIANS' CLINIC OF IOWA, P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHYSICIANS' CLINIC OF IOWA, 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