Retirement plan

FLORIDA FRUIT & VEGETABLE ASSOCIATION EMPLOYEE RETIREMENT PLAN

Name: FLORIDA FRUIT & VEGETABLE ASSN. - FLORIDA FRUIT & VEGETABLE ASSOCIATION EMPLOYEE RETIREMENT PLAN (2020) Form 5500
Creator: FLORIDA FRUIT & VEGETABLE ASSN.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA FRUIT & VEGETABLE ASSOCIATION EMPLOYEE RETIREMENT PLAN, FLORIDA FRUIT & VEGETABLE ASSN.

FLORIDA FRUIT & VEGETABLE ASSN.EIN 59-0731320Plan #002PY 2020

800 TRAFALGAR COURT - MAITLAND, FL 32751321-214-5200ffva.comLinkedIn11-50 employeescivic & social organization

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed May 23, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$30.9M

+5.4% from 2019

Total participants

182

-0.5% from 2019

Average account balance

$171,833

+2.5% from 2019

Annual return

7.53%

+3.11 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$46.38M

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

201

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$30,144
AB FUNDS2 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COHEN & STEERS2 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
DODGE & COX2 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-2468583	Indirect Investment Fees	$0
PIMCO FUNDS2 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
THE HARTFORD2 years Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D3F3H2S

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$187 / participant

Investment mgmt$25K84.6%
Contract admin$5K15.4%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WITHUM, SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,833

$59,328+189.6%

$118,925+44.5%

$73,488+133.8%

Participation rate

98.8%

62.3%+36.5pp

75.4%+23.4pp

70.7%+28.1pp

Annual return

7.53%

19.13%-11.6pp

35.88%-28.4pp

28.51%-21.0pp

Employer contribution / active EE

$5,675

$1,803+214.7%

$3,263+73.9%

$2,270+150.0%

Participant deferral / active EE

$5,381

$2,604+106.6%

$4,265+26.2%

$3,740+43.9%

Admin fee / account holder

$167

$600-72.1%

$6,581-97.5%

$513-67.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$30,144

AB FUNDS2 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COHEN & STEERS2 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

DODGE & COX2 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-2468583

Indirect Investment Fees

PIMCO FUNDS2 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE HARTFORD2 years

Service code 52 · EIN 22-2937447

Indirect Investment Fees

FLORIDA FRUIT & VEGETABLE ASSOCIATION EMPLOYEE RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA FRUIT & VEGETABLE ASSOCIATION EMPLOYEE RETIREMENT PLAN

Top hat statement on fileNQDC

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