Plan Ledger DOL Form 5500 · updated monthly

Brown Clinic P.L.L.P.401(k)

BROWN CLINIC, PLLP 401(K) PLAN · WATERTOWN, SD · plan year 2023

Reported admin expense ratio · 2023
0.36%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Brown Clinic P.L.L.P. reported $65,746 in plan administrative expenses for 2023: 0.36% of average plan assets, above the peer median. Employer contributions averaged $6,521 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 94th-largest of 233 plans among South Dakota employers on file, and the 3,741st of 11,911 in health care & social assistance. In 2023, employees put in $3.47 for every $1.00 the employer contributed; active participation has shrunk from 114 to 32 since 2022.

Plan summary
Net assets, end of year$19,644,623
Participants with balances71
Active participants32
Employer contributions$208,659
Employee contributions$724,276
Employer contribution per active participant$6,521
Average account balance$276,685
Benefits paid to participants$1,383,933
Plan auditUnmodified (clean) audit opinion
AuditorWESTBERG EISCHENS, PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$19.6M · 71 accts · $209K emplr
2022$17.0M · 163 accts · $229K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$65,746
Total administrative$65,746
The Brown Clinic P.L.L.P. 401(k) match · 2023
Employer contribution per active participant$6,521
Median for plans this size$2,440
2023$6,521 per active participant
2022$2,005 per active participant

Brown Clinic P.L.L.P.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,746
VISIONPOINT ADVISORY GROUP · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$65,746 · 0.36%
2022$68,981 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Mobridge Regional Hospital SD$24.1M · 0.01%
Big Stone Therapies, Inc. SD$23.0M · 0.45%
Vision Care Associates LLP SD$21.5M · 0.24%
Horizon Health Care, Inc. SD$19.1M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460461752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.