Retirement plan

CENTRAL FLORIDA EDUCATORS FCU 401(K) PSP

Name: CENTRAL FLORIDA EDUCATORS FCU - CENTRAL FLORIDA EDUCATORS FCU 401(K) PSP (2018) Form 5500
Creator: CENTRAL FLORIDA EDUCATORS FCU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL FLORIDA EDUCATORS FCU 401(K) PSP, CENTRAL FLORIDA EDUCATORS FCU

CENTRAL FLORIDA EDUCATORS FCUEIN 59-0678236Plan #001PY 2018

1000 PRIMERA BLVD - LAKE MARY, FL 32746800-771-9411

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 16, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

1000 Primera Blvd

Lake Mary, FL 32746

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Plans declared (1)

Addition Financial 457-B Plan15 emp

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Total assets (EOY)

$27.2M

-5.9% from 2017

Total participants

565

+1.1% from 2017

Average account balance

$48,056

-6.9% from 2017

Annual return

-3.15%

-21.98 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.23M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

649

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.45M

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830	Contract Administrator	$23,628

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$24K

$57 / participant

Contract admin$24K100.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NEARMAN, MAYNARD, VALLEZ CPAS
Auditor EIN: 591906466
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,056

$80,005-39.9%

$140,019-65.7%

$55,725-13.8%

Participation rate

100.0%

87.0%+13.0pp

87.5%+12.5pp

70.9%+29.1pp

Annual return

-3.15%

0.46%-3.6pp

651.15%-654.3pp

244.93%-248.1pp

Employer contribution / active EE

$2,784

$3,403-18.2%

$5,605-50.3%

$2,078+34.0%

Participant deferral / active EE

$3,146

$5,264-40.2%

$6,927-54.6%

$3,356-6.2%

Admin fee / account holder

$42

$116-63.8%

$10,705-99.6%

$115-63.7%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$23,628

CENTRAL FLORIDA EDUCATORS FCU 401(K) PSP

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL FLORIDA EDUCATORS FCU 401(K) PSP

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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