Retirement plan

NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. - NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. 401(K) RETIREMENT SAVINGS PLAN, NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC.

NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC.EIN 59-0306124Plan #001PY 2020

7801 DEERCREEK CLUB ROAD, SUITE 1 - JACKSONVILLE, FL 32256904-394-9494nefar.comLinkedIn11-50 employeesreal estate

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+25.2% from 2019

Total participants

+2.5% from 2019

Average account balance

$90,535

+22.2% from 2019

Annual return

16.38%

-3.13 pp from 2019

Benchmarks

See 3,715 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,715 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.96M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

115.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$245K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2829

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 codes2F2G2J2T3D3H

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.
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

1 tripped

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

$902

$24 / participant

Other / not subdivided$902100.0%

% of EOY assets

0.024%

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

$90,535

$72,027+25.7%

$185,835-51.3%

$79,852+13.4%

Participation rate

100.0%

65.8%+34.2pp

78.0%+22.0pp

69.6%+30.4pp

Annual return

16.38%

23.13%-6.7pp

35.96%-19.6pp

31.72%-15.3pp

Employer contribution / active EE

$2,057

$1,965+4.7%

$4,087-49.7%

$2,471-16.8%

Participant deferral / active EE

$5,042

$3,780+33.4%

$5,633-10.5%

$3,740+34.8%

Admin fee / account holder

$22

$4,513-99.5%

$9,502-99.8%

$5,306-99.6%

NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST FLORIDA ASSOCIATION OF REALTORS, INC. 401(K) RETIREMENT SAVINGS 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