Retirement plan

FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION EMPLOYEES' RETIREMENT PLAN

Name: FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION - FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION EMPLOYEES' RETIREMENT PLAN (2022) Form 5500
Creator: FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION EMPLOYEES' RETIREMENT PLAN, FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION

FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATIONEIN 59-0657413Plan #001PY 2022

1801 NW 80TH BLVD. - GAINESVILLE, FL 32606352-372-9551fhsaa.comLinkedIn11-50 employeessports

Other plans on this EIN

1 filing

#002Retirement-$160K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-5.6% from 2021

Total participants

-7.7% from 2021

Average account balance

$139,932

+2.3% from 2021

Annual return

-17.09%

-49.97 pp from 2021

Benchmarks

See 6,939 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,939 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.59M

Not enough data

1 years with asset history on file

Average account balance

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

$215K

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

$454K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2836

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 codes2E2F2G2T3D2J

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

$27K

$1145 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.818%

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

$139,932

$67,352+107.8%

$60,899+129.8%

$134,509+4.0%

Participation rate

100.0%

76.2%+23.8pp

73.1%+26.9pp

81.2%+18.8pp

Annual return

-17.09%

49.99%-67.1pp

16.92%-34.0pp

418.13%-435.2pp

Employer contribution / active EE

$12,958

$3,098+318.3%

$2,702+379.5%

$4,741+173.3%

Participant deferral / active EE

$4,100

$4,539-9.7%

$3,817+7.4%

$6,400-35.9%

Admin fee / account holder

$1,145

$4,585-75.0%

$3,225-64.5%

$11,427-90.0%

FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA HIGH SCHOOL ATHLETIC ASSOCIATION EMPLOYEES' 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