Plan Snapshot
- Plan Sponsor: Mcfarland Clinic, P.C.
- Sponsor EIN: 421089512
- Sponsor Address: 1215 DUFF AVE., AMES, IA, 50010
- Plan Type: 401(k)
- Total Participants: 1,393
- Total Assets: $487.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,393 | $487.9M | $12.6M | $10.4M |
| 2023 | 1,398 | $448.2M | $12.4M | $10.4M |
| 2022 | 1,436 | $405.1M | $11.7M | $9.6M |
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 |
|---|---|---|---|---|
| FOSTER GROUP INC | NONE | $291,364 | — | $291,364 |
| SCHWAB RETIREMENT PLAN SERVICES INC | NONE | $137,515 | — | $137,515 |
| ENVESTNET ASSET MANAGEMENT INC | NONE | $55,509 | — | $55,509 |
| STEELE CAPITAL MANAGEMENT INC | NONE | $45,663 | — | $45,663 |
| IOWA WEALTH MANAGEMENT LLC | NONE | $26,680 | — | $26,680 |
| MORNINGSTAR INC | NONE | $21,041 | — | $21,041 |
| FIVE TALENTS FINANCIAL | NONE | $14,937 | — | $14,937 |
| BRINKER CAPITAL INVESTMENTS LL | NONE | $13,600 | — | $13,600 |
| LARSON FINANCIAL GROUP LLC | NONE | $10,412 | — | $10,412 |
| CHARLES SCHWAB & CO., INC. | NONE | $9,565 | — | $9,565 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES INC — NONE
- STEELE CAPITAL MANAGEMENT INC — NONE
- MORNINGSTAR INC — NONE
- CHARLES SCHWAB & CO., INC. — NONE
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $626,286
- Estimated Expense Ratio: 0.128% of plan assets
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 | $613,874 | $487,979 | — | — | — |
| 2023 | $555,260 | $414,089 | — | — | — |
| 2022 | $568,156 | $416,436 | — | — | — |