Retirement plan

FAMILY CENTRAL, INC. TAX SHELTERED ANNUITY PLAN

Name: FAMILY CENTRAL, INC. - FAMILY CENTRAL, INC. TAX SHELTERED ANNUITY PLAN (2020) Form 5500
Creator: FAMILY CENTRAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY CENTRAL, INC. TAX SHELTERED ANNUITY PLAN, FAMILY CENTRAL, INC.

FAMILY CENTRAL, INC.EIN 59-1487190Plan #002PY 2020

1415 W. CYPRESS CREEK RD, SUITE 103 - FORT LAUDERDALE, FL 33309954-720-1000familycentral.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$6.7M

+2.7% from 2019

Total participants

261

-4.7% from 2019

Average account balance

$26,074

+2.7% from 2019

Annual return

2.65%

-3.92 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.41M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

136

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$364K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+6.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5+ years Service code 13 · EIN 35-1140070	Contract Administrator	$33,736
VERDEJA DE ARMAS TRUJILL3 years Filed as: VERDEJA DE ARMAS TRUJILLO Service code 10 · EIN 20-4989621	Accounting	$2,606

Plan features & details

Pension benefit codes2F2G2L2M2T3D2E2S

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$36K

$196 / participant

Investment mgmt$3K7.2%
Contract admin$34K92.8%

% of EOY assets

0.542%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: VERDEJA, DE ARMAS, TRUJILLO
Auditor EIN: 204989621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,074

$58,895-55.7%

$178,503-85.4%

$73,497-64.5%

Participation rate

97.8%

66.2%+31.6pp

81.9%+15.9pp

70.7%+27.2pp

Annual return

2.65%

24.86%-22.2pp

151.12%-148.5pp

28.51%-25.9pp

Employer contribution / active EE

$410

$2,236-81.7%

$5,011-91.8%

$2,270-81.9%

Participant deferral / active EE

$1,247

$2,567-51.4%

$5,202-76.0%

$3,740-66.7%

Admin fee / account holder

$141

$400-64.7%

$13,987-99.0%

$513-72.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$33,736

VERDEJA DE ARMAS TRUJILL3 years

Filed as: VERDEJA DE ARMAS TRUJILLO

Service code 10 · EIN 20-4989621

Accounting

$2,606

FAMILY CENTRAL, INC. TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY CENTRAL, INC. TAX SHELTERED ANNUITY 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