Retirement plan

ST JOHNS COUNTY CHAMBER OF COMMERCE 401(K) RETIREMENT PLAN

Name: ST JOHNS COUNTY CHAMBER OF COMMERCE, INC. - ST JOHNS COUNTY CHAMBER OF COMMERCE 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: ST JOHNS COUNTY CHAMBER OF COMMERCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST JOHNS COUNTY CHAMBER OF COMMERCE 401(K) RETIREMENT PLAN, ST JOHNS COUNTY CHAMBER OF COMMERCE, INC.

ST JOHNS COUNTY CHAMBER OF COMMERCE, INC.EIN 59-0432275Plan #001PY 2022

100 SOUTHPARK BLVD. SUITE 405 - ST AUGUSTINE, FL 32086904-829-5681

Prospect flagsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$481K

-16.5% from 2021

Total participants

+14.3% from 2021

Average account balance

$68,760

-28.5% from 2021

Annual return

-17.55%

-322.12 pp from 2021

Benchmarks

See 17,020 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,020 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$336K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

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

+19.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$5K

$1005 / participant

Other / not subdivided$5K100.0%

% of EOY assets

1.044%

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

$68,760

$93,124-26.2%

$77,100-10.8%

$134,545-48.9%

Participation rate

80.0%

74.5%+5.5pp

67.9%+12.1pp

81.2%-1.2pp

Annual return

-17.55%

62.68%-80.2pp

42.35%-59.9pp

418.37%-435.9pp

Employer contribution / active EE

$253

$3,421-92.6%

$2,815-91.0%

$4,742-94.7%

Participant deferral / active EE

$1,924

$5,242-63.3%

$4,430-56.6%

$6,401-69.9%

Admin fee / account holder

$718

$6,970-89.7%

$5,443-86.8%

$11,431-93.7%

ST JOHNS COUNTY CHAMBER OF COMMERCE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST JOHNS COUNTY CHAMBER OF COMMERCE 401(K) RETIREMENT 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