Retirement plan

ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN

Name: ECONOMIC DEVELOPMENT COMMISSION OF FLORIDAS SPACE COAST - ECONOMIC DEVELOPMENT COMMISSION PROFIT SHARING 401K PLAN (2021) 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 2021

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)

$3.8M

+22.8% from 2020

Total participants

0.0% from 2020

Average account balance

$221,598

+22.8% from 2020

Annual return

19.44%

+7.78 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

$70K

$6993 / participant

Other / not subdivided$70K100.0%

% of EOY assets

1.856%

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

$221,598

$109,905+101.6%

$98,506+125.0%

$167,553+32.3%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

19.44%

1960.20%-1940.8pp

1494.92%-1475.5pp

478.89%-459.5pp

Employer contribution / active EE

$13,197

$3,226+309.1%

$2,961+345.7%

$4,840+172.7%

Participant deferral / active EE

$4,149

$4,674-11.2%

$4,277-3.0%

$6,343-34.6%

Admin fee / account holder

$4,113

$6,760-39.2%

$5,955-30.9%

$12,316-66.6%

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