Retirement plan

TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN

Name: WESTERN MONTANA CLINIC, P.C. - TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$43.5M

+9.3% from 2020

Total participants

314

-11.8% from 2020

Average account balance

-100.0% from 2020

Annual return

14.64%

+3.95 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 27 5454 W 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$84,310
LT TRUST COMPANY4 years Filed as: LT TRUST Service code 18 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Recordkeeping fees; Custodial (other ...	$7,315

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

2 tripped

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

$104K

$546 / participant

Other / not subdivided$104K100.0%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,172-100.0%

$185,851-100.0%

$79,389-100.0%

Participation rate

0.0%

66.6%-66.6pp

81.7%-81.7pp

70.7%-70.7pp

Annual return

14.64%

19.45%-4.8pp

122.11%-107.5pp

116.89%-102.2pp

Employer contribution / active EE

$5,852

$2,321+152.2%

$5,168+13.2%

$2,428+141.0%

Participant deferral / active EE

$5,727

$2,788+105.4%

$5,569+2.9%

$4,046+41.6%

Admin fee / account holder

$710-100.0%

$16,245-100.0%

$626-100.0%

Provider

Service type

Compensation

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING

Service code 27

5454 W 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$84,310

LT TRUST COMPANY4 years

Filed as: LT TRUST

Service code 18

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

Recordkeeping fees; Custodial (other ...

$7,315

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