Retirement plan

COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN

Name: COUNSELING CONNECTION, INC. - COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN (2022) Form 5500
Creator: COUNSELING CONNECTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN, COUNSELING CONNECTION, INC.

COUNSELING CONNECTION, INC.EIN 36-3300648Plan #001PY 2022

900 TECHNOLGOY WAY, SUITE 320 - LIBERTYVILLE, IL 60048847-680-2715counselingconnections.netLinkedIn11-50 employeeshospital & health care

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5M

-14.5% from 2021

Total participants

278

+1.5% from 2021

Average account balance

$33,164

-16.2% from 2021

Annual return

-20.33%

-34.80 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.04M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

162

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.

46.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$643K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING Service code 27 5440 W. 110TH STREET · SHAWNEE MISSION, KS 66211	Advisory (Plan)	$21,062
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,394
IRON-CO-FID-COMPREHENSIVE8+ years Filed as: IRON ADMINISTRATION, LLC Service code 17 5440 W. 110TH STREET · OVERLAND PARK, KS 66211	Pension Consulting	$2,405

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$44K

$190 / participant

Contract admin$44K100.0%

% of EOY assets

0.886%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,164

$65,061-49.0%

$143,757-76.9%

$66,914-50.4%

Participation rate

45.7%

65.2%-19.5pp

80.3%-34.6pp

69.8%-24.1pp

Annual return

-20.33%

-11.14%-9.2pp

-0.04%-20.3pp

1.58%-21.9pp

Employer contribution / active EE

$2,361-100.0%

$4,951-100.0%

$2,544-100.0%

Participant deferral / active EE

$2,152

$2,919-26.3%

$5,637-61.8%

$4,237-49.2%

Admin fee / account holder

$294

$502-41.5%

$14,673-98.0%

$593-50.5%

Provider

Service type

Compensation

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING

Service code 27

5440 W. 110TH STREET · SHAWNEE MISSION, KS 66211

Advisory (Plan)

$21,062

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,394

IRON-CO-FID-COMPREHENSIVE8+ years

Filed as: IRON ADMINISTRATION, LLC

Service code 17

5440 W. 110TH STREET · OVERLAND PARK, KS 66211

Pension Consulting

$2,405

COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNSELING CONNECTION, INC. 401(K) SAVINGS 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