Retirement plan

SPERO HEALTH, INC. 401K PLAN

Name: SPERO HEALTH, INC. - SPERO HEALTH, INC. 401K PLAN (2021) Form 5500
Creator: SPERO HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPERO HEALTH, INC. 401K PLAN, SPERO HEALTH, INC.

SPERO HEALTH, INC.EIN 32-0548053Plan #001PY 2021

155 FRANKLIN ROAD, SUITE 430 - BRENTWOOD, TN 370279504615-054-8053sperohealth.comLinkedIn1001-5000 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

+29.2% from 2020

Total participants

343

+11.4% from 2020

Average account balance

$18,859

+19.2% from 2020

Annual return

18.77%

-0.20 pp from 2020

Benchmarks

See 3,802 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,802 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.36M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

273

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.

52.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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
SECURITIES AMERICA INC3 years Filed as: BB&T SECURITIES Service code 99 · EIN 20-5817590	Other Fees	$21,227
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 27	Advisory (Plan)	$3,472

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$24K

$86 / participant

Contract admin$24K100.0%

% of EOY assets

0.392%

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: LBMC,PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,859

$56,511-66.6%

$185,837-89.9%

$86,813-78.3%

Participation rate

93.6%

65.5%+28.1pp

81.7%+11.9pp

72.3%+21.3pp

Annual return

18.77%

118.12%-99.4pp

122.08%-103.3pp

97.93%-79.2pp

Employer contribution / active EE

$2,053

$1,844+11.4%

$5,168-60.3%

$2,406-14.7%

Participant deferral / active EE

$3,566

$2,554+39.6%

$5,568-36.0%

$4,131-13.7%

Admin fee / account holder

$74

$150-50.6%

$16,241-99.5%

$170-56.4%

Provider

Service type

Compensation

SECURITIES AMERICA INC3 years

Filed as: BB&T SECURITIES

Service code 99 · EIN 20-5817590

Other Fees

$21,227

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 27

Advisory (Plan)

$3,472

SPERO HEALTH, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPERO HEALTH, INC. 401K 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