Retirement plan

ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN

Name: ECONOMIC DEVELOPMENT COMMISSION OF FLORIDAS SPACE COAST - ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN (2018) Form 5500
Creator: ECONOMIC DEVELOPMENT COMMISSION OF FLORIDAS SPACE COAST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN, ECONOMIC DEVELOPMENT COMMISSION OF FLORIDAS SPACE COAST

ECONOMIC DEVELOPMENT COMMISSION OF FLORIDAS SPACE COASTEIN 59-2946685Plan #003PY 2018

6525 3RD ST., STE. 304 - ROCKLEDGE, FL 32955321-638-2000spacecoastedc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+24.6% from 2016

Total participants

+12.5% from 2016

Average account balance

$132,038

+24.6% from 2016

Annual return

-4.55%

-4.55 pp from 2016

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.41M

Not enough data

1 years with asset history on file

Average account balance

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

$315K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10096

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 codes2E2J2F2G3D

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).
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.
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

$193K

$14874 / participant

Other / not subdivided$193K100.0%

% of EOY assets

9.153%

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

$132,038

$90,607+45.7%

$79,467+66.2%

$135,380-2.5%

Participation rate

84.6%

76.0%+8.6pp

73.3%+11.3pp

82.6%+2.0pp

Annual return

-4.55%

977.74%-982.3pp

718.30%-722.9pp

519.81%-524.4pp

Employer contribution / active EE

$11,025

$3,068+259.4%

$2,800+293.7%

$4,779+130.7%

Participant deferral / active EE

$3,642

$4,050-10.1%

$3,704-1.7%

$5,609-35.1%

Admin fee / account holder

$12,086

$5,895+105.0%

$5,104+136.8%

$10,828+11.6%

ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K 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