Retirement plan

SOUTH FLORIDA PBS, INC 403(B)(7) PLAN

Name: SOUTH FLORIDA PBS, INC - SOUTH FLORIDA PBS, INC 403(B)(7) PLAN (2020) Form 5500
Creator: SOUTH FLORIDA PBS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH FLORIDA PBS, INC 403(B)(7) PLAN, SOUTH FLORIDA PBS, INC

SOUTH FLORIDA PBS, INCEIN 59-0737868Plan #004PY 2020

3401 S CONGRESS AVENUE - BOYTON BEACH, FL 33426305-949-8321southfloridapbs.orgLinkedIn51-200 employeesmedia production

Other plans on this EIN

1 filing

#001Retirement-$10.6M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.8M

+9.9% from 2019

Total participants

116

-2.5% from 2019

Average account balance

$99,870

+18.4% from 2019

Annual return

21.73%

-7.35 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.78M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$742K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1299

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 1 by compensation

Provider	Service type	Compensation
INGHAM & COMPANY3+ years Service code 13 · EIN 65-0170152	Contract Administrator	$22,886

Plan features & details

Pension benefit codes2E2F2G2J2M3D2T

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$26K

$288 / participant

Investment mgmt$8K30.2%
Contract admin$18K69.8%

% of EOY assets

0.337%

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: KEEFE, MCCULLOUGH AND CO., LLP
Auditor EIN: 591363792
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,870

$70,486+41.7%

$100,535-0.7%

$79,856+25.1%

Participation rate

58.2%

73.6%-15.4pp

79.4%-21.2pp

69.6%-11.4pp

Annual return

21.73%

21.90%-0.2pp

30.90%-9.2pp

31.71%-10.0pp

Employer contribution / active EE

$884

$2,165-59.1%

$3,419-74.1%

$2,471-64.2%

Participant deferral / active EE

$4,229

$5,182-18.4%

$6,271-32.6%

$3,741+13.1%

Admin fee / account holder

$336

$4,480-92.5%

$8,085-95.8%

$5,306-93.7%

Provider

Service type

Compensation

INGHAM & COMPANY3+ years

Service code 13 · EIN 65-0170152

Contract Administrator

$22,886

SOUTH FLORIDA PBS, INC 403(B)(7) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH FLORIDA PBS, INC 403(B)(7) 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