Retirement plan

VERBAL BEHAVIOR ASSOCIATES 401(K) PLAN

Name: VERBAL BEHAVIOR ASSOCIATES - VERBAL BEHAVIOR ASSOCIATES 401(K) PLAN (2023) Form 5500
Creator: VERBAL BEHAVIOR ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERBAL BEHAVIOR ASSOCIATES 401(K) PLAN, VERBAL BEHAVIOR ASSOCIATES

VERBAL BEHAVIOR ASSOCIATESEIN 46-4417379Plan #002PY 2023

14251 DANIELSON ST - POWAY, CA 92064858-669-7579vbacalifornia.comLinkedIn201-500 employeesmental health care

Prospect flagsLow assets / participantLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+41.5% from 2022

Total participants

241

-13.3% from 2022

Average account balance

$7,513

+52.1% from 2022

Annual return

27.22%

+47.38 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.66M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

79.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$336K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58

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 4 by compensation

Provider	Service type	Compensation
PENSION PROFESSIONALS, INC.1 year Filed as: PENSION PROFESSIONALS, LLC Service code 13 · EIN 27-3970979 1585 KAPIOLANI BLVD., SUITE 1700 · HONOLULU, HI 96814	Contract Administrator	$22,327
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$2,877
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO Service code 27 611 E WISCONSIN AVENUE · MILWAUKEE, WI 53202	Advisory (Plan)	$2,717
HUMAN INTEREST ADVISOR LLC1 year Filed as: HUMAN INTEREST ADVISORS LLC Service code 13 · EIN 47-4307706 300 MONTGOMERY STREET SUITE 350 · SAN FRANCISCO, CA 94101	Contract Administrator	$822

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$26 / participant

Recordkeeping$6K100.0%

% of EOY assets

0.391%

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: WEWORSKI & ASSOCIATES
Auditor EIN: 330516783
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,513

$61,356-87.8%

$149,696-95.0%

$71,511-89.5%

Participation rate

75.0%

62.5%+12.5pp

78.8%-3.8pp

67.9%+7.1pp

Annual return

27.22%

35.86%-8.6pp

134.46%-107.2pp

28.86%-1.6pp

Employer contribution / active EE

$2,382-100.0%

$4,821-100.0%

$2,589-100.0%

Participant deferral / active EE

$1,484

$2,920-49.2%

$5,682-73.9%

$4,291-65.4%

Admin fee / account holder

$29

$1,263-97.7%

$13,212-99.8%

$1,588-98.2%

Provider

Service type

Compensation

PENSION PROFESSIONALS, INC.1 year

Filed as: PENSION PROFESSIONALS, LLC

Service code 13 · EIN 27-3970979

1585 KAPIOLANI BLVD., SUITE 1700 · HONOLULU, HI 96814

Contract Administrator

$22,327

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$2,877

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO

Service code 27

611 E WISCONSIN AVENUE · MILWAUKEE, WI 53202

Advisory (Plan)

$2,717

HUMAN INTEREST ADVISOR LLC1 year

Filed as: HUMAN INTEREST ADVISORS LLC

Service code 13 · EIN 47-4307706

300 MONTGOMERY STREET SUITE 350 · SAN FRANCISCO, CA 94101

Contract Administrator

$822

VERBAL BEHAVIOR ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERBAL BEHAVIOR ASSOCIATES 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