Retirement plan

EMPLOYEE BENEFIT PLAN OF FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.

Name: FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC. - EMPLOYEE BENEFIT PLAN OF FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC. (2019) Form 5500
Creator: FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC., FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.

FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.EIN 59-1640418Plan #001PY 2019

1113 EAST TENNESSEE ST STE 100 - TALLAHASSEE, FL 32308850-877-4816fadcentral.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-4.0% from 2018

Total participants

-7.7% from 2018

Average account balance

$56,731

-8.0% from 2018

Annual return

-0.46%

-9.94 pp from 2018

Benchmarks

See 35,119 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,119 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.77M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

192.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$150K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$552

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 codes2F2G2S2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$162K

$10824 / participant

Other / not subdivided$162K100.0%

% of EOY assets

11.925%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$56,731

$103,008-44.9%

$90,304-37.2%

$152,897-62.9%

Participation rate

100.0%

75.9%+24.1pp

73.3%+26.7pp

82.5%+17.5pp

Annual return

-0.46%

95.22%-95.7pp

78.13%-78.6pp

345.43%-345.9pp

Employer contribution / active EE

$3,642

$3,139+16.0%

$2,855+27.6%

$4,764-23.5%

Participant deferral / active EE

$3,850

$4,281-10.1%

$3,885-0.9%

$5,851-34.2%

Admin fee / account holder

$6,765

$6,175+9.6%

$5,354+26.4%

$11,599-41.7%

EMPLOYEE BENEFIT PLAN OF FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FLORIDA ASSOCIATION OF REHABILITATION FACILITIES, INC.

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