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 (2019) 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 2019

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

Other plans on this EIN

1 filing

#004Retirement-$12.6M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$98.3M

+20.6% from 2018

Total participants

698

-0.1% from 2018

Average account balance

$144,774

+21.3% from 2018

Annual return

20.17%

+24.37 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 7 by compensation

Provider	Service type	Compensation
FRONTIER WEALTH MANAGEMENT2 years Filed as: FRONTIER WEALTH MANAGEMENT LLC Service code 26 · EIN 26-0236753	Advisory (Participants)	$39,598
CENTRAL BANK & TRUST CO.2 years Filed as: CENTRAL BANK & TRUST CO Service code 26 · EIN 48-0164420	Advisory (Participants)	$26,905
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-3297908	Advisory (Participants)	$23,222
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$9,481
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING INC Service code 26 · EIN 43-1270780	Advisory (Participants)	$7,126
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$4,097
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$106K

$191 / participant

Investment mgmt$97K91.0%
Other / not subdivided$10K9.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 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

$144,774

$62,928+130.1%

$172,752-16.2%

$67,579+114.2%

Participation rate

96.6%

64.5%+32.1pp

82.6%+13.9pp

71.3%+25.3pp

Annual return

20.17%

30.36%-10.2pp

802.97%-782.8pp

378.56%-358.4pp

Employer contribution / active EE

$5,826

$1,636+256.1%

$5,144+13.2%

$2,148+171.2%

Participant deferral / active EE

$4,789

$2,145+123.3%

$5,198-7.9%

$3,539+35.3%

Admin fee / account holder

$157

$167-6.0%

$13,955-98.9%

$142+10.1%

Provider

Service type

Compensation

FRONTIER WEALTH MANAGEMENT2 years

Filed as: FRONTIER WEALTH MANAGEMENT LLC

Service code 26 · EIN 26-0236753

Advisory (Participants)

$39,598

CENTRAL BANK & TRUST CO.2 years

Filed as: CENTRAL BANK & TRUST CO

Service code 26 · EIN 48-0164420

Advisory (Participants)

$26,905

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-3297908

Advisory (Participants)

$23,222

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$9,481

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING INC

Service code 26 · EIN 43-1270780

Advisory (Participants)

$7,126

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$4,097

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

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