Retirement plan

RED RIVER ANIMAL EMERGENCY CLINIC 401(K) PLAN

Name: RED RIVER ANIMAL EMERGENCY CLINIC LLC - RED RIVER ANIMAL EMERGENCY CLINIC 401(K) PLAN (2024) Form 5500
Creator: RED RIVER ANIMAL EMERGENCY CLINIC LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED RIVER ANIMAL EMERGENCY CLINIC 401(K) PLAN, RED RIVER ANIMAL EMERGENCY CLINIC LLC

RED RIVER ANIMAL EMERGENCY CLINIC LLCEIN 61-1489343Plan #001PY 2024

4491 23RD AVE S - FARGO, ND 581038788701-478-9299LinkedIn11-50 employeesveterinary

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.4M

+36.1% from 2023

Total participants

-4.1% from 2023

Average account balance

$50,434

+41.8% from 2023

Annual return

15.06%

-18.52 pp from 2023

Benchmarks

See 10,689 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,689 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$396K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$939

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$45K

$683 / participant

Other / not subdivided$45K100.0%

% of EOY assets

1.862%

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

$50,434

$58,234-13.4%

$81,783-38.3%

$80,874-37.6%

Participation rate

65.2%

63.4%+1.7pp

72.4%-7.2pp

67.6%-2.5pp

Annual return

15.06%

41.70%-26.6pp

775.05%-760.0pp

35.62%-20.6pp

Employer contribution / active EE

$2,153

$2,341-8.0%

$2,913-26.1%

$2,756-21.9%

Participant deferral / active EE

$3,853

$3,283+17.4%

$4,320-10.8%

$4,297-10.3%

Admin fee / account holder

$939

$4,982-81.2%

$7,380-87.3%

$6,935-86.5%

RED RIVER ANIMAL EMERGENCY CLINIC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED RIVER ANIMAL EMERGENCY CLINIC 401(K) 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