Retirement plan

VISALIA MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN

Name: VISALIA MEDICAL CLINIC, INC. - VISALIA MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: VISALIA MEDICAL CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VISALIA MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN, VISALIA MEDICAL CLINIC, INC.

VISALIA MEDICAL CLINIC, INC.EIN 94-2203861Plan #003PY 2020

5400 WEST HILLSDALE - VISALIA, CA 93291559-738-7500LinkedIn1-10 employeesentertainment

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$69.7M

+16.7% from 2019

Total participants

166

-5.7% from 2019

Average account balance

$433,105

+21.1% from 2019

Annual return

15.37%

-6.55 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$89.37M

Not enough data

1 years with asset history on file

Average account balance

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

$608K

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.

147

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$48K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$500

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
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674	Securities Custodian	$36,641
MILLIMAN, INC.6+ years Service code 15 · EIN 91-0675641	Recordkeeping	$28,375
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISORS Service code 27 · EIN 41-0971937	Advisory (Plan)	$9,464

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$75K

$997 / participant

Other / not subdivided$75K100.0%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

0 / 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

$433,105

$91,167+375.1%

$178,498+142.6%

$79,858+442.3%

Participation rate

93.3%

69.2%+24.1pp

81.9%+11.4pp

69.6%+23.7pp

Annual return

15.37%

24.19%-8.8pp

151.09%-135.7pp

31.72%-16.3pp

Employer contribution / active EE

$14,577

$3,255+347.8%

$5,011+190.9%

$2,471+489.9%

Participant deferral / active EE

$14,921

$3,236+361.1%

$5,202+186.8%

$3,740+298.9%

Admin fee / account holder

$464

$6,747-93.1%

$13,985-96.7%

$5,306-91.2%

Provider

Service type

Compensation

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

Securities Custodian

$36,641

MILLIMAN, INC.6+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$28,375

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA ADVISORS

Service code 27 · EIN 41-0971937

Advisory (Plan)

$9,464

VISALIA MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISALIA MEDICAL CLINIC, INC. 401(K) 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