Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS

Name: MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS - 403(B) THRIFT PLAN FOR EMPLOYEES OF MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS (2024) Form 5500
Creator: MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS, MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS

MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONSEIN 59-1777567Plan #001PY 2024

100 SW 75TH ST, SUITE 301 - GAINESVILLE, FL 326075779352-378-6649agingresources.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7M

+8.8% from 2023

Total participants

104

+2.0% from 2023

Average account balance

$67,903

+7.7% from 2023

Annual return

14.20%

-0.61 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.99M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

103

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.

145.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9162

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

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

$944K

$13291 / participant

Other / not subdivided$944K100.0%

% of EOY assets

13.492%

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

$67,903

$58,258+16.6%

$81,820-17.0%

$80,925-16.1%

Participation rate

98.6%

63.5%+35.1pp

72.4%+26.2pp

67.7%+30.9pp

Annual return

14.20%

41.76%-27.6pp

777.93%-763.7pp

35.65%-21.5pp

Employer contribution / active EE

$6,435

$2,345+174.4%

$2,915+120.7%

$2,756+133.5%

Participant deferral / active EE

$1,911

$3,284-41.8%

$4,323-55.8%

$4,299-55.6%

Admin fee / account holder

$9,162

$4,976+84.1%

$7,391+24.0%

$6,940+32.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF MID - FLORIDA AREA AGENCY ON AGING, INC. D/B/A ELDER OPTIONS

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