Retirement plan

SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS PLAN

Name: SALEM CLINIC, P.C. - SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS PLAN (2024) Form 5500
Creator: SALEM CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS PLAN, SALEM CLINIC, P.C.

SALEM CLINIC, P.C.EIN 93-0791519Plan #004PY 2024

2020 CAPITOL ST NE - SALEM, OR 973033244503-399-2424salemclinic.orgLinkedIn501-1000 employeesmedical practice

Other plans on this EIN

1 filing

#006Retirement-$36.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$118.9M

+13.5% from 2023

Total participants

732

+18.3% from 2023

Average account balance

$188,392

+5.7% from 2023

Annual return

14.23%

-3.23 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$118.88M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

631

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.

80.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$15,172
CHARLES SCHWAB & CO., INC.5 years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$2
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$15K

$30 / participant

Recordkeeping$15K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALDRICH CPAS AND ADVISORS, LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$188,392

$50,919+270.0%

$155,556+21.1%

$77,762+142.3%

Participation rate

80.4%

63.1%+17.3pp

78.2%+2.1pp

70.6%+9.8pp

Annual return

14.23%

34.84%-20.6pp

64.84%-50.6pp

31.27%-17.0pp

Employer contribution / active EE

$8,010

$1,991+302.2%

$4,675+71.3%

$2,728+193.6%

Participant deferral / active EE

$3,922

$2,824+38.9%

$5,631-30.3%

$4,651-15.7%

Admin fee / account holder

$24

$437-94.5%

$15,885-99.8%

$433-94.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$15,172

CHARLES SCHWAB & CO., INC.5 years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS 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