Retirement plan

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE PENSION PLAN

Name: FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE - FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE PENSION PLAN (2022) Form 5500
Creator: FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE PENSION PLAN, FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEEEIN 59-0721160Plan #001PY 2022

P O BOX 900188 - HOMESTEAD, FL 33030305-247-0848LinkedIn1-10 employeeshigher education

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$221K

-5.3% from 2021

Total participants

0.0% from 2021

Average account balance

$73,719

-5.3% from 2021

Annual return

-10.74%

-45.12 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

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

+5.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2C2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$73,719

$92,684-20.5%

$82,706-10.9%

$134,509-45.2%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-10.74%

945.84%-956.6pp

701.76%-712.5pp

418.13%-428.9pp

Employer contribution / active EE

$6,409

$3,272+95.9%

$3,007+113.1%

$4,741+35.2%

Participant deferral / active EE

$4,800-100.0%

$4,394-100.0%

$6,400-100.0%

Admin fee / account holder

$5,982-100.0%

$5,329-100.0%

$11,427-100.0%

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FLORIDA AVOCADO ADMINISTRATIVE COMMITTEE EMPLOYEES' MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion