Retirement plan

MEDICAL CLINIC OF SACRAMENTO, INC. 401(K) PLAN

Name: MEDICAL CLINIC OF SACRAMENTO, INC. - MEDICAL CLINIC OF SACRAMENTO, INC. 401(K) PLAN (2021) Form 5500
Creator: MEDICAL CLINIC OF SACRAMENTO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL CLINIC OF SACRAMENTO, INC. 401(K) PLAN, MEDICAL CLINIC OF SACRAMENTO, INC.

MEDICAL CLINIC OF SACRAMENTO, INC.EIN 94-2364338Plan #001PY 2021

3000 Q STREET - SACRAMENTO, CA 95816916-733-3421LinkedIn501-1000 employeesmedical practice

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$243.2M

-21.6% from 2016

Total participants

657

-2.3% from 2016

Average account balance

$387,811

-16.1% from 2016

Annual return

13.88%

-0.15 pp from 2016

Benchmarks

See 3,798 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,798 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$320.20M

Not enough data

1 years with asset history on file

Average account balance

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

$430K

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.

745

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$44K

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

+16.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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
RESOURCES INVESTMENT ADVISORS LLC3 years Service code 27 · EIN 43-1451524	Advisory (Plan)	$32,500
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$18,845
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$6,825
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	-$17,505

Plan features & details

Pension benefit codes3D2E2F2G2J2K2R2T

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$40K

$80 / participant

Investment mgmt$19K47.4%
Other / not subdivided$21K52.6%

% of EOY assets

0.016%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$387,811

$56,551+585.8%

$185,854+108.7%

$86,828+346.6%

Participation rate

94.0%

65.5%+28.5pp

81.7%+12.3pp

72.3%+21.7pp

Annual return

13.88%

118.23%-104.3pp

122.12%-108.2pp

97.95%-84.1pp

Employer contribution / active EE

$17,286

$1,845+837.0%

$5,169+234.4%

$2,406+618.4%

Participant deferral / active EE

$20,041

$2,556+684.1%

$5,569+259.9%

$4,132+385.0%

Admin fee / account holder

$63

$150-57.6%

$16,246-99.6%

$170-62.6%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC3 years

Service code 27 · EIN 43-1451524

Advisory (Plan)

$32,500

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$18,845

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$6,825

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

-$17,505

MEDICAL CLINIC OF SACRAMENTO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL CLINIC OF SACRAMENTO, INC. 401(K) 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