Retirement plan

CENTRAL FLORIDA HEALTH CARE, INC. 401(K) PLAN

Name: CENTRAL FLORIDA HEALTH CARE, INC. - CENTRAL FLORIDA HEALTH CARE, INC. 401(K) PLAN (2021) Form 5500
Creator: CENTRAL FLORIDA HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL FLORIDA HEALTH CARE, INC. 401(K) PLAN, CENTRAL FLORIDA HEALTH CARE, INC.

CENTRAL FLORIDA HEALTH CARE, INC.EIN 59-1404594Plan #003PY 2021

47 5TH STREET NORTHWEST - WINTER HAVEN, FL 33881863-291-5110cfhconline.orgLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$102 assets

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$5.3M

+56.8% from 2020

Total participants

480

+19.1% from 2020

Average account balance

$13,431

+37.8% from 2020

Annual return

17.68%

-17.93 pp from 2020

Benchmarks

See 866 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort866 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.83M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

570

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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 3 by compensation

Provider	Service type	Compensation
CPS INVESTMENT ADVISORS2 years Service code 26 · EIN 59-2030217	Advisory (Participants)	$39,379
ASCENSUS LLC2 years Service code 15 · EIN 82-3719843	Recordkeeping	$7,000
MID ATLANTIC CAPITAL CORPORATION2 years Filed as: MID ATLANTIC TRUST COMPANY Service code 15 · EIN 27-3169253	Recordkeeping	$4,025

Plan features & details

Pension benefit codes2J2K2T3D

Plan features

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$83K

$195 / participant

Contract admin$83K100.0%

% of EOY assets

1.565%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,431

$58,344-77.0%

$98,483-86.4%

$86,821-84.5%

Participation rate

80.3%

68.4%+11.9pp

73.3%+7.0pp

72.3%+8.0pp

Annual return

17.68%

43.47%-25.8pp

1494.38%-1476.7pp

97.94%-80.3pp

Employer contribution / active EE

$1,232

$2,008-38.6%

$2,961-58.4%

$2,406-48.8%

Participant deferral / active EE

$2,493

$3,156-21.0%

$4,276-41.7%

$4,132-39.7%

Admin fee / account holder

$210

$138+52.6%

$5,953-96.5%

$170+24.0%

Provider

Service type

Compensation

CPS INVESTMENT ADVISORS2 years

Service code 26 · EIN 59-2030217

Advisory (Participants)

$39,379

ASCENSUS LLC2 years

Service code 15 · EIN 82-3719843

Recordkeeping

$7,000

MID ATLANTIC CAPITAL CORPORATION2 years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 15 · EIN 27-3169253

Recordkeeping

$4,025

CENTRAL FLORIDA HEALTH CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL FLORIDA HEALTH CARE, INC. 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