Retirement plan

SFRPC EMPLOYEES' SAVINGS PLAN

Name: SOUTH FLORIDA REGIONAL PLANNING COUNCIL - SFRPC EMPLOYEES' SAVINGS PLAN (2024) Form 5500
Creator: SOUTH FLORIDA REGIONAL PLANNING COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SFRPC EMPLOYEES' SAVINGS PLAN, SOUTH FLORIDA REGIONAL PLANNING COUNCIL

SOUTH FLORIDA REGIONAL PLANNING COUNCILEIN 59-1358704Plan #002PY 2024

1 OAKWOOD BLVD., SUITE 250 - HOLLYWOOD, FL 33020954-924-3653sfregionalcouncil.orgLinkedIn11-50 employeesgovernment administration

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$475K

+27.1% from 2023

Total participants

+12.5% from 2023

Average account balance

$79,170

+6.0% from 2023

Annual return

16.84%

-2.39 pp from 2023

Benchmarks

See 479 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort479 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$475K

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.84%

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 codes2F2G2J3D

Plan features

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.
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.
OpportunityLow employer contribution
Employer 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

$79,170

$85,094-7.0%

$76,327+3.7%

$145,884-45.7%

Participation rate

25.0%

82.9%-57.9pp

79.2%-54.2pp

80.3%-55.3pp

Annual return

16.84%

13.13%+3.7pp

13.79%+3.0pp

551.85%-535.0pp

Employer contribution / active EE

$5,261-100.0%

$4,584-100.0%

$4,662-100.0%

Participant deferral / active EE

$2,406

$6,390-62.3%

$5,478-56.1%

$6,690-64.0%

Admin fee / account holder

$5,773-100.0%

$5,139-100.0%

$13,392-100.0%

SFRPC EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SFRPC EMPLOYEES' SAVINGS 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