Plan Snapshot
- Plan Sponsor: The Iowa Clinic, P.C.
- Sponsor EIN: 421420077
- Sponsor Address: 5950 UNIVERSITY AVENUE, STE 331, WEST DES MOINES, IA, 502668289
- Plan Type: 401(k)
- Total Participants: 1,230
- Total Assets: $328.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,230 | $328.9M | $12.4M | $9.7M |
| 2023 | 1,174 | $296.0M | $11.7M | $8.7M |
| 2022 | 1,116 | $257.3M | $10.9M | $7.9M |
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 CO | Recordkeeper | $153,106 | — | $153,106 |
| ED MCGILL-NORTHWESTERN MUTUAL | Investment Advisor | $67,589 | — | $67,589 |
| FOSTER GROUP, INC. | Other Service Provider | $54,450 | — | $54,450 |
| UBS FINANCIAL SERVICES | Recordkeeper | $51,972 | — | $51,972 |
| DANIEL KELLY - DM KELLY & CO | Other Service Provider | $37,041 | — | $37,041 |
| MORGAN STANLEY | Recordkeeper | $33,549 | — | $33,549 |
| MERRILL LYNCH | Investment Advisor | $25,421 | — | $25,421 |
| NYLIFE SECURITIES, LLC | Other Service Provider | $22,092 | — | $22,092 |
| RBC WEALTH MANAGEMENT | Recordkeeper | $20,024 | — | $20,024 |
| CAPITAL RESOURCE MANAGEMENT | Other Service Provider | $18,584 | — | $18,584 |
| LPL FINANCIAL | Other Service Provider | $13,629 | — | $13,629 |
| WELLS FARGO ADVISORS LLC | Other Service Provider | $10,224 | — | $10,224 |
| CHOREO LLC | Other Service Provider | $6,438 | — | $6,438 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ED MCGILL-NORTHWESTERN MUTUAL — Investment Advisor
- UBS FINANCIAL SERVICES — Recordkeeper
- MORGAN STANLEY — Recordkeeper
- MERRILL LYNCH — Investment Advisor
- RBC WEALTH MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $514,119
- Estimated Expense Ratio: 0.156% 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 | $550,621 | — | $550,621 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |