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 (2018) 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 2018

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

Other plans on this EIN

1 filing

#006Retirement-$20.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$77.7M

-4.2% from 2017

Total participants

562

+1.3% from 2017

Average account balance

$147,476

-3.2% from 2017

Annual return

-3.95%

-19.73 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$66,717
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$711
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$5
CHARLES SCHWAB & CO., INC.4+ 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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$69K

$145 / participant

Investment mgmt$2K2.7%
Other / not subdivided$67K97.3%

% of EOY assets

0.088%

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

$147,476

$37,196+296.5%

$154,108-4.3%

$55,725+164.6%

Participation rate

92.6%

64.1%+28.5pp

83.0%+9.5pp

70.9%+21.7pp

Annual return

-3.95%

1319.68%-1323.6pp

735.21%-739.2pp

244.93%-248.9pp

Employer contribution / active EE

$8,943

$1,614+454.0%

$5,298+68.8%

$2,078+330.3%

Participant deferral / active EE

$3,939

$2,068+90.5%

$5,081-22.5%

$3,356+17.4%

Admin fee / account holder

$130

$102+28.2%

$13,411-99.0%

$115+13.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$66,717

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$711

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

CHARLES SCHWAB & CO., INC.4+ 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