Plan Ledger DOL Form 5500 · updated monthly

Mason City Clinic, P.C.401(k)

MASON CITY CLINIC, P.C. 401(K) PROFIT SHARING PLAN AND TRUST · MASON CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Mason City Clinic, P.C. reported $135,133 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $12,862 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 rose from 0.07% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 52nd-largest of 878 plans among Iowa employers on file, and the 690th of 11,911 in health care & social assistance. In 2024, the employer put in $1.76 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$180,006,486
Participants with balances319
Active participants209
Employer contributions$2,688,148
Employee contributions$1,524,233
Employer contribution per active participant$12,862
Average account balance$564,284
Benefits paid to participants$10,520,334
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN HANSEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$180.0M · 319 accts · $2.7M emplr
2023$157.4M · 319 accts · $2.5M emplr
2022$126.7M · 319 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,133
Total administrative$135,133
The Mason City Clinic, P.C. 401(k) match · 2024
Employer contribution per active participant$12,862
Median for plans this size$3,635
2024$12,862 per active participant
2023$13,605 per active participant
2022$12,107 per active participant

Mason City Clinic, P.C.'s 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$135,133

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

Administrative cost history3
2024$135,133 · 0.08%
2023$108,494 · 0.08%
2022$103,173 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Genesis Health System IA$344.6M · 0.11%
The Iowa Clinic, P.C. IA$328.9M · 0.18%
Pella Regional Health Center IA$101.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421009288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.