Plan Ledger DOL Form 5500 · updated monthly

Physicians' Clinic of Iowa, P.C.401(k)

PHYSICIANS' CLINIC OF IOWA, P.C. 401(K) PROFIT SHARING PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Physicians' Clinic of Iowa, P.C. reported $108,146 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $8,992 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 fell from 0.25% to 0.10%. 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 82nd-largest of 878 plans among Iowa employers on file, and the 992nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.55 for every $1.00 employees contributed themselves; active participation has grown from 390 to 458 since 2022.

Plan summary
Net assets, end of year$114,199,597
Participants with balances535
Active participants458
Employer contributions$4,118,542
Employee contributions$2,649,159
Employer contribution per active participant$8,992
Average account balance$213,457
Benefits paid to participants$7,091,867
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$114.2M · 535 accts · $4.1M emplr
2023$99.5M · 537 accts · $3.7M emplr
2022$88.6M · 512 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,712
Investment management$60,000
Total administrative$108,146
The Physicians' Clinic of Iowa, P.C. 401(k) match · 2024
Employer contribution per active participant$8,992
Median for plans this size$3,635
2024$8,992 per active participant
2023$8,659 per active participant
2022$9,017 per active participant

Physicians' Clinic of Iowa, 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 · 20242
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$60,000

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$108,146 · 0.10%
2023$107,587 · 0.11%
2022$251,450 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
The Iowa Clinic, P.C. IA$328.9M · 0.18%
Mason City Clinic, P.C. IA$180.0M · 0.08%
Pella Regional Health Center IA$101.5M · 0.15%
Wolfe Clinic, P.C. IA$94.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421462899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.