Retirement plan

COMPASS YOUTH SERVICES, LLC 401(K) PLAN

Name: COMPASS YOUTH SERVICES, LLC - COMPASS YOUTH SERVICES, LLC 401(K) PLAN (2024) Form 5500
Creator: COMPASS YOUTH SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMPASS YOUTH SERVICES, LLC 401(K) PLAN, COMPASS YOUTH SERVICES, LLC

COMPASS YOUTH SERVICES, LLCEIN 20-0125300Plan #001PY 2024

7460 CENTRAL BUSINESS PARK DRIVE - NORFOLK, VA 23513757-289-5885compassyouthservices.comLinkedIn1-10 employeesmental health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.1M

+15.5% from 2023

Total participants

379

+28.5% from 2023

Average account balance

$32,586

+5.8% from 2023

Annual return

13.20%

-4.66 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.15M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$33K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

250

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

51.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$449

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$52,711
CAMBRIDGE INVESTMENT RESEARCH6 years Filed as: CAMBRIDGE INVESTMENT GROUP Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IN 52556	Advisory (Plan)	$37,631
DOWNEAST PENSION SERVICES, INC.1 year Filed as: DOWNEAST PENSION SERVICES Service code 13 41 CAMPUS DR STE 302 · NEW GLOUCESTER, ME 04260	Contract Administrator	$7,959

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$112K

$418 / participant

Contract admin$112K100.0%

% of EOY assets

1.376%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CORBIN & COMPANY, PC
Auditor EIN: 541571464
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,586

$50,902-36.0%

$155,534-79.0%

$77,736-58.1%

Participation rate

51.9%

63.1%-11.2pp

78.2%-26.4pp

70.6%-18.7pp

Annual return

13.20%

34.85%-21.6pp

64.92%-51.7pp

31.26%-18.1pp

Employer contribution / active EE

$1,318

$1,991-33.8%

$4,675-71.8%

$2,728-51.7%

Participant deferral / active EE

$2,435

$2,824-13.8%

$5,630-56.7%

$4,651-47.6%

Admin fee / account holder

$449

$437+2.6%

$15,900-97.2%

$433+3.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$52,711

CAMBRIDGE INVESTMENT RESEARCH6 years

Filed as: CAMBRIDGE INVESTMENT GROUP

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IN 52556

Advisory (Plan)

$37,631

DOWNEAST PENSION SERVICES, INC.1 year

Filed as: DOWNEAST PENSION SERVICES

Service code 13

41 CAMPUS DR STE 302 · NEW GLOUCESTER, ME 04260

Contract Administrator

$7,959

COMPASS YOUTH SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMPASS YOUTH SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion