Retirement plan

EASTER SEALS OF SOUTHWEST FLORIDA INC. 403(B) RETIREMENT PLAN

Name: EASTER SEALS OF SOUTHWEST FLORIDA - EASTER SEALS OF SOUTHWEST FLORIDA INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: EASTER SEALS OF SOUTHWEST FLORIDA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTER SEALS OF SOUTHWEST FLORIDA INC. 403(B) RETIREMENT PLAN, EASTER SEALS OF SOUTHWEST FLORIDA

EASTER SEALS OF SOUTHWEST FLORIDAEIN 59-0638490Plan #003PY 2023

350 BRADEN AVE - SARASOTA, FL 342432001941-355-7637LinkedIn51-200 employeescivic & social organization

Prospect flagsLow returnsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+37.9% from 2022

Total participants

250

+13.1% from 2022

Average account balance

$12,137

+23.8% from 2022

Annual return

12.02%

+22.85 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.75M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

236

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$724K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+18.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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

1 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
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$33,932
CALDWELL TRUST COMPANY3 years Service code 99	Other Fees	$10,608
CALDWELL TRUST COMPANY3 years Filed as: CALDWELL TRUST COPMANY Service code 99 · EIN 65-0376693	Other Fees	$0

Plan features & details

Pension benefit codes2M2E2F2G2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$37K

$230 / participant

Contract admin$34K92.9%
Other / not subdivided$3K7.1%

% of EOY assets

1.338%

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: CHRISTOPHER,SMITH,LEONARD&STANELL
Auditor EIN: 592142260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,137

$58,312-79.2%

$86,656-86.0%

$71,529-83.0%

Participation rate

84.3%

65.0%+19.2pp

71.7%+12.6pp

67.9%+16.3pp

Annual return

12.02%

24.08%-12.1pp

593.09%-581.1pp

28.97%-16.9pp

Employer contribution / active EE

$1,509

$2,576-41.4%

$3,025-50.1%

$2,590-41.7%

Participant deferral / active EE

$2,367

$3,439-31.2%

$4,439-46.7%

$4,291-44.8%

Admin fee / account holder

$162

$1,057-84.6%

$5,619-97.1%

$1,588-89.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$33,932

CALDWELL TRUST COMPANY3 years

Service code 99

Other Fees

$10,608

CALDWELL TRUST COMPANY3 years

Filed as: CALDWELL TRUST COPMANY

Service code 99 · EIN 65-0376693

Other Fees

EASTER SEALS OF SOUTHWEST FLORIDA INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTER SEALS OF SOUTHWEST FLORIDA INC. 403(B) 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