Plan Snapshot
- Plan Sponsor: The Corvallis Clinic, P.C.
- Sponsor EIN: 931221257
- Sponsor Address: 6022 BLUE CIRCLE DRIVE, MINNETONKA, MN, 55343
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 967
- Total Assets: $121.8M
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. |
|---|---|---|---|---|
| 2025 | 967 | $121.8M | $0 | $0 |
| 2024 | 553 | $124.5M | $506,741 | $4.3M |
| 2023 | 568 | $119.5M | $845,385 | $4.2M |
| 2022 | 556 | $108.6M | $1.2M | $3.8M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $101,418 | — | $101,418 |
| VANGUARD ADVISERS INC. | Other Service Provider | $30,268 | — | $30,268 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,686
- Estimated Expense Ratio: 0.108% 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 |
|---|---|---|---|---|---|
| 2025 | $26,057,965 | — | — | — | — |
| 2024 | $126,615 | — | — | — | — |
| 2023 | $120,073 | $22,870 | — | — | — |
| 2022 | $117,122 | — | — | — | — |