Retirement plan

EMPLOYEE BENEFIT PLAN OF HEALTH COUNCIL OF SOUTH FLORIDA, INC.

Name: HEALTH COUNCIL OF SOUTH FLORIDA, INC. - EMPLOYEE BENEFIT PLAN OF HEALTH COUNCIL OF SOUTH FLORIDA, INC. (2020) Form 5500
Creator: HEALTH COUNCIL OF SOUTH FLORIDA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF HEALTH COUNCIL OF SOUTH FLORIDA, INC., HEALTH COUNCIL OF SOUTH FLORIDA, INC.

HEALTH COUNCIL OF SOUTH FLORIDA, INC.EIN 59-2268478Plan #002PY 2020

7875 NW 12TH ST STE 118 - DORAL, FL 331261815305-592-1452healthcouncil.orgLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$238K

-44.0% from 2018

Total participants

+300.0% from 2018

Average account balance

$16,983

-84.0% from 2018

Annual return

5.96%

+7.87 pp from 2018

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$350K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

271.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1024

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 codes2F2G2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$366K

$60958 / participant

Other / not subdivided$366K100.0%

% of EOY assets

153.827%

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

$16,983

$100,938-83.2%

$90,461-81.2%

$158,982-89.3%

Participation rate

66.7%

75.0%-8.4pp

72.7%-6.0pp

82.0%-15.3pp

Annual return

5.96%

1727.20%-1721.2pp

1294.76%-1288.8pp

302.99%-297.0pp

Employer contribution / active EE

$2,365

$3,691-35.9%

$3,264-27.5%

$4,763-50.3%

Participant deferral / active EE

$4,350-100.0%

$3,964-100.0%

$5,983-100.0%

Admin fee / account holder

$26,125

$6,510+301.3%

$5,617+365.1%

$11,252+132.2%

EMPLOYEE BENEFIT PLAN OF HEALTH COUNCIL OF SOUTH FLORIDA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF HEALTH COUNCIL OF SOUTH FLORIDA, 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