Retirement plan

FORT WALTON BEACH CHAMBER OF COMMERCE 401K PLAN

Name: FORT WALTON BEACH CHAMBER OF COMMERCE - FORT WALTON BEACH CHAMBER OF COMMERCE 401K PLAN (2021) Form 5500
Creator: FORT WALTON BEACH CHAMBER OF COMMERCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORT WALTON BEACH CHAMBER OF COMMERCE 401K PLAN, FORT WALTON BEACH CHAMBER OF COMMERCE

FORT WALTON BEACH CHAMBER OF COMMERCEEIN 59-0578475Plan #002PY 2021

34 SE MIRACLE STRIP PKWY - FORT WALTON BEACH, FL 32549850-244-8191LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$451K

+31.3% from 2020

Total participants

+16.7% from 2020

Average account balance

$90,206

+31.3% from 2020

Annual return

17.91%

+12.09 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$758K

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1735

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$6K

$881 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.367%

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

$90,206

$109,872-17.9%

$98,483-8.4%

$167,536-46.2%

Participation rate

71.4%

75.8%-4.4pp

73.3%-1.9pp

82.1%-10.7pp

Annual return

17.91%

1959.31%-1941.4pp

1494.38%-1476.5pp

478.82%-460.9pp

Employer contribution / active EE

$2,244

$3,225-30.4%

$2,961-24.2%

$4,839-53.6%

Participant deferral / active EE

$4,473

$4,673-4.3%

$4,276+4.6%

$6,342-29.5%

Admin fee / account holder

$1,233

$6,757-81.7%

$5,953-79.3%

$12,315-90.0%

FORT WALTON BEACH CHAMBER OF COMMERCE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORT WALTON BEACH CHAMBER OF COMMERCE 401K 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