Retirement plan

EASTER SEALS SOUTH FLORIDA, INC. EMPLOYEES' SAVINGS PLAN

Name: EASTER SEALS SOUTH FLORIDA, INC. - EASTER SEALS SOUTH FLORIDA, INC. EMPLOYEES' SAVINGS PLAN (2020) Form 5500
Creator: EASTER SEALS SOUTH FLORIDA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTER SEALS SOUTH FLORIDA, INC. EMPLOYEES' SAVINGS PLAN, EASTER SEALS SOUTH FLORIDA, INC.

EASTER SEALS SOUTH FLORIDA, INC.EIN 59-0722783Plan #001PY 2020

1475 N.W. 14TH AVENUE - MIAMI, FL 33125305-547-4757

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.4M

+24.8% from 2019

Total participants

323

-13.9% from 2019

Average account balance

$12,651

+29.5% from 2019

Annual return

13.54%

-3.42 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$849K

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.

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.

21.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$156K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$617

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

+6.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1572

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

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,490
USI CONSULTING GROUP3 years Filed as: USI SECURITIES, INC. Service code 53 · EIN 06-1493970	Insurance Commissions	$4,253
USI CONSULTING GROUP3 years Filed as: USI CONSULTING GROUP, INC. Service code 13	Contract Administrator	$854
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DWS FUNDS2 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTMENT RETIREMENT SOLUTIONS,LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO2 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
LEGG MASON2 years Service code 52 · EIN 13-4146187	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2G2K2M2T3D

Plan features

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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.
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

$14K

$51 / participant

Investment mgmt$14K95.1%
Contract admin$7154.9%

% of EOY assets

1.070%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,651

$52,722-76.0%

$90,440-86.0%

$73,412-82.8%

Participation rate

23.9%

67.7%-43.8pp

72.7%-48.7pp

72.2%-48.2pp

Annual return

13.54%

20.70%-7.2pp

1294.38%-1280.8pp

59.30%-45.8pp

Employer contribution / active EE

$1,872-100.0%

$3,263-100.0%

$2,234-100.0%

Participant deferral / active EE

$521

$2,810-81.4%

$3,964-86.8%

$3,806-86.3%

Admin fee / account holder

$135

$117+15.9%

$5,615-97.6%

$158-14.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,490

USI CONSULTING GROUP3 years

Filed as: USI SECURITIES, INC.

Service code 53 · EIN 06-1493970

Insurance Commissions

$4,253

USI CONSULTING GROUP3 years

Filed as: USI CONSULTING GROUP, INC.

Service code 13

Contract Administrator

$854

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DWS FUNDS2 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTMENT RETIREMENT SOLUTIONS,LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO2 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

LEGG MASON2 years

Service code 52 · EIN 13-4146187

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

EASTER SEALS SOUTH FLORIDA, INC. EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTER SEALS SOUTH FLORIDA, INC. EMPLOYEES' SAVINGS 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