Retirement plan

PRESTIGE ELECTRIC CO. OF FLORIDA, LLC 401(K) PLAN

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

PRESTIGE ELECTRIC CO. OF FLORIDA, LLCEIN 45-2550294Plan #001PY 2023

7423 S. ORANGE AVENUE - ORLANDO, FL 32809407-859-3400

Other plans on this EIN

2 filings

#003Retirement-$2.4M assets #002Retirement-$595K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+31.6% from 2022

Total participants

+5.6% from 2022

Average account balance

$33,375

+8.7% from 2022

Annual return

15.58%

+33.68 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$259K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1994

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$84K

$1950 / participant

Other / not subdivided$84K100.0%

% of EOY assets

5.462%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,375

$73,955-54.9%

$96,520-65.4%

$75,181-55.6%

Participation rate

74.4%

66.4%+8.0pp

74.3%+0.1pp

67.2%+7.2pp

Annual return

15.58%

26.72%-11.1pp

35.72%-20.1pp

160.69%-145.1pp

Employer contribution / active EE

$2,078

$2,930-29.1%

$3,739-44.4%

$2,671-22.2%

Participant deferral / active EE

$3,788

$3,659+3.5%

$4,879-22.3%

$4,126-8.2%

Admin fee / account holder

$1,823

$5,217-65.1%

$6,733-72.9%

$5,650-67.7%

PRESTIGE ELECTRIC CO. OF FLORIDA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESTIGE ELECTRIC CO. OF FLORIDA, LLC 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