Retirement plan

FAIRCHILD TROPICAL BOTANIC GARDEN DEFINED CONTRIBUTION RETIREMENT PLAN

Name: FAIRCHILD TROPICAL BOTANIC GARDEN, INC. - FAIRCHILD TROPICAL BOTANIC GARDEN DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: FAIRCHILD TROPICAL BOTANIC GARDEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRCHILD TROPICAL BOTANIC GARDEN DEFINED CONTRIBUTION RETIREMENT PLAN, FAIRCHILD TROPICAL BOTANIC GARDEN, INC.

FAIRCHILD TROPICAL BOTANIC GARDEN, INC.EIN 59-0668480Plan #001PY 2024

10901 OLD CUTLER ROAD - MIAMI, FL 33156305-667-1651fairchildgarden.orgLinkedIn51-200 employeesmuseums and institutions

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.9M

+22.5% from 2023

Total participants

163

+4.5% from 2023

Average account balance

$103,236

+17.8% from 2023

Annual return

28.06%

+9.62 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.90M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

154

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$219K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+28.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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 1 by compensation

Provider	Service type	Compensation
TIAA3 years Service code 21 · EIN 13-1624203	Bank Trustee	$850

Plan features & details

Pension benefit codes2F2G2K2L2M3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$75 / participant

Contract admin$3256.7%
Other / not subdivided$5K93.3%

% of EOY assets

0.030%

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: GUTIERREZ MADARIAGA CPA P.A
Auditor EIN: 943458074
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,236

$102,385+0.8%

$147,080-29.8%

$80,935+27.6%

Participation rate

85.9%

75.9%+10.1pp

82.2%+3.8pp

67.7%+18.3pp

Annual return

28.06%

135.09%-107.0pp

420.17%-392.1pp

35.66%-7.6pp

Employer contribution / active EE

$1,035

$3,717-72.1%

$4,933-79.0%

$2,757-62.4%

Participant deferral / active EE

$2,383

$6,651-64.2%

$8,066-70.5%

$4,299-44.6%

Admin fee / account holder

$31

$7,951-99.6%

$12,989-99.8%

$6,924-99.5%

Provider

Service type

Compensation

TIAA3 years

Service code 21 · EIN 13-1624203

Bank Trustee

$850

FAIRCHILD TROPICAL BOTANIC GARDEN DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRCHILD TROPICAL BOTANIC GARDEN DEFINED CONTRIBUTION 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