Retirement plan

TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN

Name: WESTERN MONTANA CLINIC, P.C. - TAMARACK MANAGEMENT INC. 401K PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$37.4M

-14.0% from 2021

Total participants

358

+14.0% from 2021

Average account balance

$105,390

No prior year

Annual return

-16.70%

-31.34 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MID ATLANTIC TRUST COMPANY Service code 18 1251 WATERFRONT PLACE · PITTSBURGH, PA 15222	Recordkeeping fees; Account maintenan...	$71,994
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING Service code 27 5454 W 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$11,807

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

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$96K

$465 / participant

Other / not subdivided$96K100.0%

% of EOY assets

0.256%

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

$105,390

$65,125+61.8%

$143,797-26.7%

$66,949+57.4%

Participation rate

98.5%

65.2%+33.3pp

80.3%+18.2pp

69.8%+28.7pp

Annual return

-16.70%

-11.13%-5.6pp

-0.04%-16.7pp

1.57%-18.3pp

Employer contribution / active EE

$5,847

$2,362+147.5%

$4,952+18.1%

$2,545+129.7%

Participant deferral / active EE

$5,642

$2,920+93.2%

$5,638+0.1%

$4,239+33.1%

Admin fee / account holder

$270

$503-46.3%

$14,679-98.2%

$594-54.6%

Provider

Service type

Compensation

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MID ATLANTIC TRUST COMPANY

Service code 18

1251 WATERFRONT PLACE · PITTSBURGH, PA 15222

Recordkeeping fees; Account maintenan...

$71,994

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING

Service code 27

5454 W 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$11,807

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