Retirement plan

SPEAR EDUCATION 401(K) PLAN

Name: SPEAR EDUCATION, LLC - SPEAR EDUCATION 401(K) PLAN (2019) Form 5500
Creator: SPEAR EDUCATION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEAR EDUCATION 401(K) PLAN, SPEAR EDUCATION, LLC

SPEAR EDUCATION, LLCEIN 20-8610060Plan #003PY 2019

7201 E. PRINCESS BLVD. - SCOTTSDALE, AZ 85255866-781-0072speareducation.comLinkedIn201-500 employeeshigher education

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+42.8% from 2018

Total participants

314

+15.0% from 2018

Average account balance

$25,911

No prior year

Annual return

22.50%

+27.35 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.57M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

264

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 2 by compensation

Provider	Service type	Compensation
LT TRUST COMPANY3 years Service code 15 · EIN 61-1607607 1675 BROADWAY ST., STE. 500 · DENVER, CO 80202	Recordkeeping	$15,169
AMERICA'S 401K, INC.3 years Filed as: AMERICA'S BEST 401(K) Service code 26 17470 N. PACESETTER WAY · SCOTTSDALE, AZ 85255	Advisory (Participants)	$13,154

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$28K

$112 / participant

Contract admin$15K53.6%
Other / not subdivided$13K46.4%

% of EOY assets

0.403%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,911

$62,928-58.8%

$172,753-85.0%

$67,582-61.7%

Participation rate

83.0%

64.5%+18.5pp

82.6%+0.4pp

71.3%+11.7pp

Annual return

22.50%

30.36%-7.9pp

803.00%-780.5pp

378.57%-356.1pp

Employer contribution / active EE

$1,650

$1,636+0.9%

$5,144-67.9%

$2,148-23.2%

Participant deferral / active EE

$5,556

$2,145+159.0%

$5,198+6.9%

$3,539+57.0%

Admin fee / account holder

$105

$167-37.3%

$13,956-99.3%

$142-26.6%

Provider

Service type

Compensation

LT TRUST COMPANY3 years

Service code 15 · EIN 61-1607607

1675 BROADWAY ST., STE. 500 · DENVER, CO 80202

Recordkeeping

$15,169

AMERICA'S 401K, INC.3 years

Filed as: AMERICA'S BEST 401(K)

Service code 26

17470 N. PACESETTER WAY · SCOTTSDALE, AZ 85255

Advisory (Participants)

$13,154

SPEAR EDUCATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEAR EDUCATION 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