Department of Labor filing

BUFFALO HEARING & SPEECH CENTER, INC.

BUFFALO HEARING & SPEECH CENTER, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

22filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$719

Reported employer contributions per active participant.

Higher than about 15% of comparable plans

#People in the filing

330

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$189 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 39% of comparable plans

↗Investment performance

Not available

Plan assets changed 13.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202422out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions15th percentileTypical peer $2,397 · based on 2,295 comparable plans

Lower reported administrative expense39th percentileTypical peer $143 · based on 2,373 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, BUFFALO HEARING & SPEECH CENTER, INC. reported $237,218 in employer contributions across the plan and 330 active participants. That works out to $719 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy76%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 8.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 4.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context22/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $237,218
Participant contributions: $1,252,184
Other contributions: $7,806
Employer share of reported contributions: 15.9%
Beginning assets: $16,108,576
Ending assets: $18,294,478
Ending net assets: $18,294,478
Ending liabilities: $0
Total income: $3,463,915
Total expenses: $1,278,013
Administrative expenses: $82,659
Participant loans: $246,984

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$665

2023

$782

2024

$719

Plan-paid administrative expenses per participant

2022

$182

2023

$164

2024

$189

Active participants

2022

298

2023

297

2024

330

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$719	330	18.3M	20251006075206NAL0005647776001
2023	$782	297	16.1M	20241015102322NAL0016137059001
2022	$665	298	13.8M	20230907144325NAL0032564994001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 160776186-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1988
Industry: Health care and social assistance
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3B3D

Current plan terms

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Filing ACK_ID20251006075206NAL0005647776001

Data sourceDOL Form 5500 bulk data ↗

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