Retirement plan

TELESPECIALISTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: TELESPECIALISTS, LLC - TELESPECIALISTS, LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: TELESPECIALISTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TELESPECIALISTS, LLC 401(K) PROFIT SHARING PLAN & TRUST, TELESPECIALISTS, LLC

TELESPECIALISTS, LLCEIN 46-4004319Plan #001PY 2024

11215 METRO PARKWAY, BLDG. 3,, SUITE 1 - FORT MYERS, FL 33966239-208-2206tstelemed.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

+94.5% from 2023

Total participants

340

+28.3% from 2023

Average account balance

$27,379

+59.8% from 2023

Annual return

27.15%

-1.80 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.83M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

213

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.

41.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+27.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$26,504
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735	Advisory (Plan)	$14,469
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,163
PROGRESSIVE PENSION ADMIN., INC.3 years Filed as: PROGRESSIVE PENSION ADM., INC. Service code 13	Contract Administrator	$4,134
PROGRESSIVE PENSION ADMIN., INC.3 years Service code 13 4560 VIA ROYALE, SUITE 4A · FORT MYERS, FL 33919	Contract Administrator	$1,480

Plan features & details

Pension benefit codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$226 / participant

Contract admin$49K100.0%

% of EOY assets

0.845%

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: HILL, BARTH & KING, LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,379

$55,446-50.6%

$155,574-82.4%

$74,429-63.2%

Participation rate

41.7%

61.9%-20.2pp

78.2%-36.5pp

67.2%-25.5pp

Annual return

27.15%

269.20%-242.0pp

64.87%-37.7pp

1368.38%-1341.2pp

Employer contribution / active EE

$2,643

$2,266+16.6%

$4,676-43.5%

$2,625+0.7%

Participant deferral / active EE

$8,349

$2,836+194.4%

$5,629+48.3%

$4,348+92.0%

Admin fee / account holder

$231

$1,743-86.7%

$15,914-98.5%

$1,944-88.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$26,504

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735

Advisory (Plan)

$14,469

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,163

PROGRESSIVE PENSION ADMIN., INC.3 years

Filed as: PROGRESSIVE PENSION ADM., INC.

Service code 13

Contract Administrator

$4,134

PROGRESSIVE PENSION ADMIN., INC.3 years

Service code 13

4560 VIA ROYALE, SUITE 4A · FORT MYERS, FL 33919

Contract Administrator

$1,480

TELESPECIALISTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TELESPECIALISTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

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