Retirement plan

FLORIDA STATE DISTRIBUTORS, INC. 401(K) PLAN

Name: FLORIDA STATE DISTRIBUTORS, INC. - FLORIDA STATE DISTRIBUTORS, INC. 401(K) PLAN (2023) Form 5500
Creator: FLORIDA STATE DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA STATE DISTRIBUTORS, INC. 401(K) PLAN, FLORIDA STATE DISTRIBUTORS, INC.

FLORIDA STATE DISTRIBUTORS, INC.EIN 59-2235705Plan #001PY 2023

4601 S.W. 34TH STREET, SUITE 102 - ORLANDO, FL 32811407-841-8344flstatedist.comLinkedIn11-50 employeesleisure, travel & tourism

Other plans on this EIN

1 filing

#002Retirement-$350K assets

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+41.1% from 2022

Total participants

+16.1% from 2022

Average account balance

$29,962

+21.5% from 2022

Annual return

16.94%

+30.79 pp from 2022

Benchmarks

See 9,213 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,213 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

132.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$215K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$509

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 codes2E2F2J3D

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).
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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

$29,962

$91,525-67.3%

$130,026-77.0%

$75,181-60.1%

Participation rate

100.0%

71.4%+28.6pp

78.5%+21.5pp

67.2%+32.8pp

Annual return

16.94%

-631.40%+648.3pp

-137.26%+154.2pp

160.69%-143.7pp

Employer contribution / active EE

$5,099

$2,844+79.3%

$4,321+18.0%

$2,671+91.0%

Participant deferral / active EE

$1,749

$4,342-59.7%

$5,821-70.0%

$4,126-57.6%

Admin fee / account holder

-$7

$6,778-100.1%

$10,608-100.1%

$5,650-100.1%

FLORIDA STATE DISTRIBUTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA STATE DISTRIBUTORS, 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