Retirement plan

THE COMMUNICATIONS GROUP 401(K) PLAN

Name: THE SPEECH PATHOLOGY GROUP, INC. - THE COMMUNICATIONS GROUP 401(K) PLAN (2023) Form 5500
Creator: THE SPEECH PATHOLOGY GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMMUNICATIONS GROUP 401(K) PLAN, THE SPEECH PATHOLOGY GROUP, INC.

THE SPEECH PATHOLOGY GROUP, INC.EIN 94-3290122Plan #001PY 2023

2021 YGNACIO VALLEY ROAD, C-103 - WALNUT CREEK, CA 94598925-945-1474LinkedIn1-10 employeesinformation technology and services

Prospect flagsHigh feesLow participationRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$30.6M

+27.8% from 2022

Total participants

1,538

+47.3% from 2022

Average account balance

$38,737

No prior year

Annual return

18.01%

+34.98 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.65M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

816

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.

36.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.96M

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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
JOHN HANCOCK LIFE INSURANCE COMPANY9+ years Service code 15 · EIN 01-0233346	Recordkeeping	$85,038
SANCTUARY ADVISORS LLC3 years Service code 26 · EIN 47-3162022 250 WEST 96TH STREET · INDIANAPOLIS, IN 46260	Advisory (Participants)	$58,095
THE COMMUNICATIONS GROUP-SUSAN STAR3 years Service code 20 · EIN 94-3290122	Trustee (individual)	$21,970
FLYNN, SHOJINAGA & ASSOCIATES, INC.3 years Service code 50 · EIN 68-0005849 1302 HARBOR BAY PARKWAY, SUITE 210 · ALAMEDA, CA 94502	Direct Payment	$4,775
TWO WEST CAPITAL ADVISORS1 year Filed as: TWO WEST CAPITAL ADVISORS LLC Service code 26 · EIN 27-3055170 10975 BENSON DRIVE, SUITE 560 · OVERLAND PARK, KS 66210	Advisory (Participants)	$4,197

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$246K

$203 / participant

Investment mgmt$62K25.4%
Other trustee fees$22K8.9%
Contract admin$85K34.6%
Other / not subdivided$76K31.0%

% of EOY assets

0.801%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COMYNS SMITH MCCLEARY & DEAVER LLP
Auditor EIN: 680307221
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,737

$50,151-22.8%

$149,717-74.1%

$80,149-51.7%

Participation rate

38.4%

64.3%-25.9pp

78.8%-40.4pp

72.9%-34.6pp

Annual return

18.01%

29.80%-11.8pp

134.41%-116.4pp

40.39%-22.4pp

Employer contribution / active EE

$808

$1,867-56.7%

$4,820-83.2%

$2,977-72.9%

Participant deferral / active EE

$2,714

$3,194-15.1%

$5,682-52.2%

$5,015-45.9%

Admin fee / account holder

$310

$153+103.3%

$13,213-97.7%

$145+114.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY9+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$85,038

SANCTUARY ADVISORS LLC3 years

Service code 26 · EIN 47-3162022

250 WEST 96TH STREET · INDIANAPOLIS, IN 46260

Advisory (Participants)

$58,095

THE COMMUNICATIONS GROUP-SUSAN STAR3 years

Service code 20 · EIN 94-3290122

Trustee (individual)

$21,970

FLYNN, SHOJINAGA & ASSOCIATES, INC.3 years

Service code 50 · EIN 68-0005849

1302 HARBOR BAY PARKWAY, SUITE 210 · ALAMEDA, CA 94502

Direct Payment

$4,775

TWO WEST CAPITAL ADVISORS1 year

Filed as: TWO WEST CAPITAL ADVISORS LLC

Service code 26 · EIN 27-3055170

10975 BENSON DRIVE, SUITE 560 · OVERLAND PARK, KS 66210

Advisory (Participants)

$4,197

THE COMMUNICATIONS GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMMUNICATIONS GROUP 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