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 (2016) 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 2016

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

Other plans on this EIN

1 filing

#006Retirement-$16.8M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$69.7M

+13.4% from 2015

Total participants

490

+6.3% from 2015

Average account balance

$142,782

+6.4% from 2015

Annual return

7.49%

+7.29 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$56,195
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$234
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES 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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$56K

$136 / participant

Investment mgmt$2220.4%
Other / not subdivided$56K99.6%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

1 / 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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,782

$36,916+286.8%

$156,551-8.8%

$57,658+147.6%

Participation rate

99.5%

63.4%+36.1pp

84.0%+15.5pp

70.2%+29.3pp

Annual return

7.49%

12.38%-4.9pp

32.23%-24.7pp

5.13%+2.4pp

Employer contribution / active EE

$9,577

$1,571+509.8%

$5,501+74.1%

$1,974+385.2%

Participant deferral / active EE

$4,367

$1,926+126.8%

$4,871-10.3%

$3,061+42.7%

Admin fee / account holder

$116

$82+40.2%

$13,028-99.1%

$95+22.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$56,195

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$234

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

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