Department of Labor filing

RIVERSIDE MEDICAL CLINIC, INC.

RIVERSIDE MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2023

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

Plan at a glance

How good does the filing look?

60filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$7,858

Reported employer contributions per active participant.

Higher than about 85% of comparable plans

#People in the filing

213

Active participants reported for 2023.

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

¢Visible plan-paid fees

$957 / participant

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

Lower cost than about 2% of comparable plans

↗Investment performance

Not available

Plan assets changed 13.7%, 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 · 202360out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions85th percentileTypical peer $2,334 · based on 2,305 comparable plans

Lower reported administrative expense2nd percentileTypical peer $129 · based on 2,394 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, RIVERSIDE MEDICAL CLINIC, INC. reported $1,673,768 in employer contributions across the plan and 213 active participants. That works out to $7,858 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 proxy38%

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 trendDown 42.4%

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

Expense trendUp 118.1%

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

Peer context60/100

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: $1,673,768
Participant contributions: $2,922,351
Other contributions: $225,241
Employer share of reported contributions: 36.4%
Beginning assets: $111,333,478
Ending assets: $126,595,107
Ending net assets: $126,595,107
Ending liabilities: $0
Total income: $26,130,202
Total expenses: $10,868,573
Administrative expenses: $796,241
Participant loans: $305,045

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

$13,636

2023

$7,858

Plan-paid administrative expenses per participant

2022

$439

2023

$957

Active participants

2022

188

2023

213

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$7,858	213	126.6M	20241015162119NAL0048876880001
2022	$13,636	188	111.3M	20231016220639NAL0052428256001

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: 0.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 330587303-005

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2000
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
2A2E2F2G2J2K2R2S2T3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20241015162119NAL0048876880001

Data sourceDOL Form 5500 bulk data ↗

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