Plan Snapshot
- Plan Sponsor: The Iowa Clinic P.C.
- Sponsor EIN: 421420077
- Sponsor Address: 5950 UNIVERSITY AVE, SUITE 321, WEST DES MOINES, IA, 50266
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 892
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 892 | $6.1M | $9.1M | $2.3M |
| 2023 | 806 | $3.8M | $8.0M | $2.1M |
| 2022 | 768 | $2.9M | $8.1M | $2.1M |
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 |
|---|---|---|---|---|
| WELLMARK BC&BS OF IOWA | Other Service Provider | $592,036 | — | $592,036 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $592,036
- Estimated Expense Ratio: 9.720% 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 | $577,898 | — | $577,898 | — | — |
| 2023 | $610,586 | — | $610,586 | — | — |
| 2022 | $719,974 | — | $719,974 | — | — |