Retirement plan

FACC PREMIUM DEFERRED 401(K) PLAN

Name: FLORIDA ASSOCIATION OF COURT CLERKS - FACC PREMIUM DEFERRED 401(K) PLAN (2024) Form 5500
Creator: FLORIDA ASSOCIATION OF COURT CLERKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FACC PREMIUM DEFERRED 401(K) PLAN, FLORIDA ASSOCIATION OF COURT CLERKS

FLORIDA ASSOCIATION OF COURT CLERKSEIN 59-1227589Plan #251PY 2024

3544 MACLAY BOULEVARD - TALLAHASSEE, FL 32312850-921-0808LinkedIn51-200 employeestelecommunications

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.7M

+15.7% from 2023

Total participants

169

+1.8% from 2023

Average account balance

$128,220

+13.7% from 2023

Annual return

13.19%

-3.18 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.67M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

169

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

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

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDUCIARYFIRST LLC8 years Service code 27 1060 MAITLAND CENTER COMMONS BLVD · MAITLAND, FL 32751	Advisory (Plan)	$59,897
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

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

$60K

$468 / participant

Investment mgmt$60K100.0%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANIGAN & ASSOCIATES, PC
Auditor EIN: 581304721
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,220

$60,454+112.1%

$81,844+56.7%

$74,459+72.2%

Participation rate

100.0%

63.0%+37.0pp

72.4%+27.6pp

67.2%+32.8pp

Annual return

13.19%

16.87%-3.7pp

778.87%-765.7pp

1369.70%-1356.5pp

Employer contribution / active EE

$7,644

$2,630+190.7%

$2,916+162.1%

$2,626+191.1%

Participant deferral / active EE

$2,444

$3,398-28.1%

$4,323-43.5%

$4,350-43.8%

Admin fee / account holder

$354

$1,490-76.2%

$7,355-95.2%

$1,945-81.8%

Provider

Service type

Compensation

FIDUCIARYFIRST LLC8 years

Service code 27

1060 MAITLAND CENTER COMMONS BLVD · MAITLAND, FL 32751

Advisory (Plan)

$59,897

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

FACC PREMIUM DEFERRED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FACC PREMIUM DEFERRED 401(K) 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