Retirement plan

HUTCHINSON CLINIC, P.A. EMPLOYEES' 401K PROFIT SHARING PLAN AND TRUST

Name: HUTCHINSON CLINIC, P.A. - HUTCHINSON CLINIC, P.A. EMPLOYEES' 401K PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: HUTCHINSON CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUTCHINSON CLINIC, P.A. EMPLOYEES' 401K PROFIT SHARING PLAN AND TRUST, HUTCHINSON CLINIC, P.A.

HUTCHINSON CLINIC, P.A.EIN 48-0734011Plan #002PY 2016

2101 N. WALDRON - HUTCHINSON, KS 675021197620-669-2500hutchclinic.comLinkedIn501-1000 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$9.3M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$96.4M

+7.0% from 2015

Total participants

765

-1.9% from 2015

Average account balance

$126,013

+9.1% from 2015

Annual return

7.43%

+8.01 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$134.12M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

782

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 28 · EIN 13-5674085	Investment Management	$49,849
ALLEN, GIBBS & HOULIK, L.C.2+ years Service code 15 301 N. MAIN, SUITE 1700 · WICHITA, KS 67202	Recordkeeping	$31,116
CENTRAL BANK & TRUST CO.2+ years Filed as: CENTRAL BANK AND TRUST COMPANY Service code 24 · EIN 48-6337714	Discretionary Trustee	$7,614

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$309K

$507 / participant

Other / not subdivided$309K100.0%

% of EOY assets

0.320%

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: LINDBURG VOGEL PIERCE FARIS CHTD
Auditor EIN: 480841034
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,013

$36,916+241.3%

$156,551-19.5%

$57,658+118.6%

Participation rate

100.0%

63.4%+36.6pp

84.0%+16.0pp

70.2%+29.8pp

Annual return

7.43%

12.38%-5.0pp

32.23%-24.8pp

5.13%+2.3pp

Employer contribution / active EE

$5,498

$1,571+250.0%

$5,501-0.1%

$1,974+178.5%

Participant deferral / active EE

$3,886

$1,926+101.8%

$4,871-20.2%

$3,061+27.0%

Admin fee / account holder

$404

$82+389.2%

$13,028-96.9%

$95+326.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 28 · EIN 13-5674085

Investment Management

$49,849

ALLEN, GIBBS & HOULIK, L.C.2+ years

Service code 15

301 N. MAIN, SUITE 1700 · WICHITA, KS 67202

Recordkeeping

$31,116

CENTRAL BANK & TRUST CO.2+ years

Filed as: CENTRAL BANK AND TRUST COMPANY

Service code 24 · EIN 48-6337714

Discretionary Trustee

$7,614

HUTCHINSON CLINIC, P.A. EMPLOYEES' 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUTCHINSON CLINIC, P.A. EMPLOYEES' 401K PROFIT SHARING PLAN AND TRUST

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