Retirement plan

FLORIDA PRITIKIN CENTER 401(K) PLAN

Name: FLORIDA PRITIKIN CENTER, LLC - FLORIDA PRITIKIN CENTER 401(K) PLAN (2023) Form 5500
Creator: FLORIDA PRITIKIN CENTER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA PRITIKIN CENTER 401(K) PLAN, FLORIDA PRITIKIN CENTER, LLC

FLORIDA PRITIKIN CENTER, LLCEIN 20-0038118Plan #001PY 2023

8755 NW 36TH STREET - DORAL, FL 33178305-591-6600LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5M

+33.5% from 2022

Total participants

129

-8.5% from 2022

Average account balance

$53,151

+41.9% from 2022

Annual return

25.01%

+40.89 pp from 2022

Benchmarks

See 750 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort750 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$861K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8398

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

0 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
FISCHER DORWART, P.C.1 year Filed as: FISCHER INVESTEMNTS Service code 26	Advisory (Participants)	$15,931
PROVENANCE WEALTH ADVISORS4 years Service code 26 · EIN 65-0978008	Advisory (Participants)	$3,865
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346	Recordkeeping	$2,063

Plan features & details

Pension benefit codes2F2G2J2S2T3D

Plan features

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.
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.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$18K

$168 / participant

Investment mgmt$18K100.0%

% of EOY assets

0.362%

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: BERKOWITZ POLLACK BRANT ADVISORS
Auditor EIN: 592742314
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,151

$48,432+9.7%

$121,210-56.1%

$71,529-25.7%

Participation rate

68.8%

54.3%+14.5pp

69.5%-0.7pp

67.9%+0.9pp

Annual return

25.01%

23.28%+1.7pp

987.41%-962.4pp

28.97%-4.0pp

Employer contribution / active EE

$2,384

$1,493+59.7%

$4,171-42.8%

$2,590-7.9%

Participant deferral / active EE

$5,511

$2,756+100.0%

$4,084+35.0%

$4,291+28.4%

Admin fee / account holder

$192

$1,845-89.6%

$5,647-96.6%

$1,588-87.9%

Provider

Service type

Compensation

FISCHER DORWART, P.C.1 year

Filed as: FISCHER INVESTEMNTS

Service code 26

Advisory (Participants)

$15,931

PROVENANCE WEALTH ADVISORS4 years

Service code 26 · EIN 65-0978008

Advisory (Participants)

$3,865

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

Recordkeeping

$2,063

FLORIDA PRITIKIN CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA PRITIKIN CENTER 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