Department of Labor filing

MID DAKOTA CLINIC, P.C.

MID-DAKOTA CLINIC, P.C. 401(K) PROFIT SHARING PLAN AND TRUST · For the plan year ended Dec 31, 2023

Public filing 2023 · received Oct 15, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

35filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

Not reported

Reported employer contributions per active participant.

Higher than about 43% of comparable plans

#People in the filing

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$1,192 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 16% of comparable plans

↗Investment performance

Not available

Plan assets changed -100.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202235out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions43rd percentileTypical peer $1,822 · based on 2,689 comparable plans

Lower reported administrative expense16th percentileTypical peer $105 · based on 2,869 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, MID DAKOTA CLINIC, P.C. reported $0 in employer contributions across the plan and 0 active participants. That works out to Not reported per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxyNot available

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendNot enough history

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 286.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context35/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $0
Participant contributions: $0
Other contributions: $0
Employer share of reported contributions: Not reported
Beginning assets: $80,960,693
Ending assets: $3,997
Ending net assets: $3,997
Ending liabilities: $0
Total income: $5,484,467
Total expenses: $61,602,496
Administrative expenses: $616,216
Participant loans: $0

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,503

2023

Not reported

Plan-paid administrative expenses per participant

2022

$308

2023

$1,192

Active participants

2022

335

2023

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	Not reported	0	4K	20241015144718NAL0016663155001
2022	$1,503	335	81M	20231016163915NAL0039058241001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 450311334-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1997
Industry: Health care and social assistance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S3D2A

Current plan terms

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Filing ACK_ID20241015144718NAL0016663155001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗