Plan Snapshot
- Plan Sponsor: Brown Clinic P.L.L.P.
- Sponsor EIN: 460461752
- Sponsor Address: 506 1ST AVE SE, WATERTOWN, SD, 572014402
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $0 | $0 |
| 2023 | 32 | $19.6M | $208,659 | $724,276 |
| 2022 | 114 | $17.0M | $228,516 | $614,569 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $131,492 | — | $131,492 |
| VISIONPOINT ADVISORY GROUP | INVESTMENT ADVISORY | — | $70,352 | $70,352 |
| WESTBERG EISCHENS, PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WESTBERG EISCHENS, PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $201,844
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,350 | — | $16,350 | — | — |
| 2023 | $65,746 | — | $65,746 | — | — |
| 2022 | $68,981 | — | $68,981 | — | — |