Retirement plan

COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN

Name: COUNSELING CONNECTION, INC. - COUNSELING CONNECTION, INC. 401(K) SAVINGS PLAN (2023) 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 2023

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

+22.4% from 2022

Total participants

306

+10.1% from 2022

Average account balance

$36,271

+9.4% from 2022

Annual return

20.43%

+40.76 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.68M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

173

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.

44.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$639K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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
IRON-CO-FID-COMPREHENSIVE9+ years Filed as: IRON ADMINISTRATION, LLC Service code 17 5440 W. 110TH STREET · OVERLAND PARK, KS 66211	Pension Consulting	$21,343
NATIONWIDE6 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$19,356
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 27 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Advisory (Plan)	$8,340

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$49K

$191 / participant

Contract admin$49K100.0%

% of EOY assets

0.800%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,271

$47,163-23.1%

$149,696-75.8%

$74,460-51.3%

Participation rate

46.7%

63.4%-16.7pp

78.8%-32.1pp

70.7%-24.1pp

Annual return

20.43%

22.75%-2.3pp

134.46%-114.0pp

34.38%-13.9pp

Employer contribution / active EE

$1,907-100.0%

$4,821-100.0%

$2,638-100.0%

Participant deferral / active EE

$2,030

$2,730-25.6%

$5,682-64.3%

$4,530-55.2%

Admin fee / account holder

$290

$343-15.4%

$13,212-97.8%

$348-16.6%

Provider

Service type

Compensation

IRON-CO-FID-COMPREHENSIVE9+ years

Filed as: IRON ADMINISTRATION, LLC

Service code 17

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

Pension Consulting

$21,343

NATIONWIDE6 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$19,356

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 27

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Advisory (Plan)

$8,340

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