Retirement plan

WESTERN SIERRA MEDICAL CLINIC INC 401K PROFIT SHARING PLAN

Name: WESTERN SIERRA MEDICAL CLINIC INC - WESTERN SIERRA MEDICAL CLINIC INC 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: WESTERN SIERRA MEDICAL CLINIC INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN SIERRA MEDICAL CLINIC INC 401K PROFIT SHARING PLAN, WESTERN SIERRA MEDICAL CLINIC INC

WESTERN SIERRA MEDICAL CLINIC INCEIN 94-2279011Plan #002PY 2024

844 OLD TUNNEL ROAD - GRASS VALLEY, CA 959450000530-273-4984wsmcmed.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+15.4% from 2023

Total participants

187

+17.6% from 2023

Average account balance

$24,288

-1.0% from 2023

Annual return

12.11%

-3.51 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.76M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

155

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$553K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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
EDWARD JONES4 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$12,505
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 95618	Recordkeeping Fees	$400

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$95 / participant

Recordkeeping$4002.8%
Investment mgmt$13K86.2%
Contract admin$2K11.0%

% of EOY assets

0.385%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JWT & ASSOCIATES LLP
Auditor EIN: 472718509
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,288

$55,472-56.2%

$155,567-84.4%

$74,546-67.4%

Participation rate

78.9%

61.9%+17.0pp

78.2%+0.8pp

67.2%+11.7pp

Annual return

12.11%

268.72%-256.6pp

64.74%-52.6pp

1366.03%-1353.9pp

Employer contribution / active EE

$1,633

$2,269-28.0%

$4,674-65.1%

$2,624-37.8%

Participant deferral / active EE

$2,004

$2,838-29.4%

$5,628-64.4%

$4,347-53.9%

Admin fee / account holder

$94

$1,743-94.6%

$15,916-99.4%

$1,944-95.2%

Provider

Service type

Compensation

EDWARD JONES4 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$12,505

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 95618

Recordkeeping Fees

$400

WESTERN SIERRA MEDICAL CLINIC INC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN SIERRA MEDICAL CLINIC 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