Retirement plan

VILLAGE ON THE ISLE RETIREMENT PLAN

Name: SOUTHWEST FLORIDA RETIREMENT CENTER INC DBA VILLAGE ON THE ISLE - VILLAGE ON THE ISLE RETIREMENT PLAN (2024) Form 5500
Creator: SOUTHWEST FLORIDA RETIREMENT CENTER INC DBA VILLAGE ON THE ISLE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VILLAGE ON THE ISLE RETIREMENT PLAN, SOUTHWEST FLORIDA RETIREMENT CENTER INC DBA VILLAGE ON THE ISLE

SOUTHWEST FLORIDA RETIREMENT CENTER INC DBA VILLAGE ON THE ISLEdba VILLAGE ON THE ISLEEIN 59-1931148Plan #001PY 2024

920 TAMIAMI TRL S - VENICE, FL 342853652941-486-5421

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$4.4M

+21.7% from 2023

Total participants

325

+2.2% from 2023

Average account balance

$27,573

+23.2% from 2023

Annual return

11.53%

+0.43 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.44M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

161

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.

39.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$610K

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 15 · EIN 35-0472300 PO BOX 7877 · FORT WAYNE, IN 46802	Recordkeeping	$30,444
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH Service code 22 · EIN 13-5674085 PO BOX 74008967 · CHICAGO, IL 60674	Insurance Broker	$5,796

Plan features & details

Pension benefit codes2G2L2K3D2T2M2F

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.
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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$38K

$142 / participant

Investment mgmt$8K20.9%
Contract admin$30K79.1%

% of EOY assets

0.859%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,573

$50,902-45.8%

$155,534-82.3%

$77,736-64.5%

Participation rate

39.0%

63.1%-24.1pp

78.2%-39.2pp

70.6%-31.6pp

Annual return

11.53%

34.85%-23.3pp

64.92%-53.4pp

31.26%-19.7pp

Employer contribution / active EE

$411

$1,991-79.4%

$4,675-91.2%

$2,728-84.9%

Participant deferral / active EE

$1,856

$2,824-34.3%

$5,630-67.0%

$4,651-60.1%

Admin fee / account holder

$237

$437-45.8%

$15,900-98.5%

$433-45.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 15 · EIN 35-0472300

PO BOX 7877 · FORT WAYNE, IN 46802

Recordkeeping

$30,444

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH

Service code 22 · EIN 13-5674085

PO BOX 74008967 · CHICAGO, IL 60674

Insurance Broker

$5,796

VILLAGE ON THE ISLE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VILLAGE ON THE ISLE RETIREMENT 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