Retirement plan

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HEALTH COUNCIL OF SOUTH FLORIDA, INC.

Name: HEALTH COUNCIL OF SOUTH FLORID - SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HEALTH COUNCIL OF SOUTH FLORIDA, INC. (2022) Form 5500
Creator: HEALTH COUNCIL OF SOUTH FLORID
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HEALTH COUNCIL OF SOUTH FLORIDA, INC., HEALTH COUNCIL OF SOUTH FLORID

HEALTH COUNCIL OF SOUTH FLORIDEIN 59-2268478Plan #002PY 2022

7855 NW 12TH ST STE 117 - DORAL, FL 331261815305-592-1452healthcouncil.orgLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$221K

-4.5% from 2021

Total participants

-64.3% from 2021

Average account balance

$44,170

+167.5% from 2021

Annual return

-17.85%

-28.56 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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 codes2G3D2J2T

Plan features

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.
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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$140

$28 / participant

Other / not subdivided$140100.0%

% of EOY assets

0.063%

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

$44,170

$92,766-52.4%

$82,763-46.6%

$134,545-67.2%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-17.85%

946.97%-964.8pp

702.45%-720.3pp

418.37%-436.2pp

Employer contribution / active EE

$5,129

$3,273+56.7%

$3,008+70.5%

$4,742+8.2%

Participant deferral / active EE

$446

$4,802-90.7%

$4,395-89.8%

$6,401-93.0%

Admin fee / account holder

$28

$5,978-99.5%

$5,325-99.5%

$11,431-99.8%

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HEALTH COUNCIL OF SOUTH FLORIDA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES 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