Retirement plan

TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN

Name: WESTERN MONTANA CLINIC, P.C. - TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: WESTERN MONTANA CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN, WESTERN MONTANA CLINIC, P.C.

WESTERN MONTANA CLINIC, P.C.EIN 81-0226415Plan #006PY 2020

PO BOX 7609 - MISSOULA, MT 598077609406-721-5600westernmontanaclinic.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$39.8M

-9.0% from 2019

Total participants

356

-2.7% from 2019

Average account balance

$111,733

-6.4% from 2019

Annual return

10.69%

-10.64 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.83M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

329

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$290

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
AMERICAS 401K, INC.2 years Filed as: AMERICAS BEST 401K Service code 27 17470 N PACESETTER WAY · SCOTTSDALE, AZ 85255	Advisory (Plan)	$35,788
LT TRUST COMPANY3 years Filed as: LT TRUST Service code 18 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Account maintenance fees; Participant...	$33,833
MATRIX TRUST COMPANY2 years Service code 15 · EIN 75-3182674	Recordkeeping	$5,895

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$90K

$455 / participant

Other / not subdivided$90K100.0%

% of EOY assets

0.227%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,733

$58,895+89.7%

$178,503-37.4%

$73,497+52.0%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

10.69%

24.86%-14.2pp

151.12%-140.4pp

28.51%-17.8pp

Employer contribution / active EE

$6,046

$2,236+170.4%

$5,011+20.7%

$2,270+166.4%

Participant deferral / active EE

$6,567

$2,567+155.8%

$5,202+26.2%

$3,740+75.6%

Admin fee / account holder

$254

$400-36.5%

$13,987-98.2%

$513-50.5%

Provider

Service type

Compensation

AMERICAS 401K, INC.2 years

Filed as: AMERICAS BEST 401K

Service code 27

17470 N PACESETTER WAY · SCOTTSDALE, AZ 85255

Advisory (Plan)

$35,788

LT TRUST COMPANY3 years

Filed as: LT TRUST

Service code 18

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Account maintenance fees; Participant...

$33,833

MATRIX TRUST COMPANY2 years

Service code 15 · EIN 75-3182674

Recordkeeping

$5,895

TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAMARACK MANAGEMENT INC. 401K 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