Retirement plan

PEOPLES FIRST PROPERTIES RETIREMENT SAVINGS PLAN

Name: PEOPLES FIRST PROPERTIES - PEOPLES FIRST PROPERTIES RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: PEOPLES FIRST PROPERTIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEOPLES FIRST PROPERTIES RETIREMENT SAVINGS PLAN, PEOPLES FIRST PROPERTIES

PEOPLES FIRST PROPERTIESEIN 59-3020789Plan #002PY 2017

1002 W. 23RD STREET, SUITE 400 - PANAMA CITY, FL 32405850-914-8456

Prospect flagsLow returnsLow assets / participantLow participant contribution

Top hat statement on fileNQDC

Filed January 15, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view

1022 W. 23rd Street Suite 300

Panama City, FL 32405

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Peoples First Properties Non-Qualified Plan30 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$8.8M

+16.1% from 2016

Total participants

833

-0.1% from 2016

Average account balance

$13,413

+12.4% from 2016

Annual return

11.82%

+5.01 pp from 2016

Benchmarks

See 238 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort238 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.08M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

831

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.

78.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.08M

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

+8.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
SWERDLIN & COMPANY3+ years Service code 15 · EIN 58-1392124 5901 PEACTREE DUNWOODY RD STE 170 · ATLANTA, GA 30328	Recordkeeping	$39,814

Plan features & details

Pension benefit codes2F2H2J2K2O3D3H3I2E2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$51 / participant

Other / not subdivided$40K100.0%

% of EOY assets

0.452%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TARWATER & COMPANY, PC
Auditor EIN: 562397000
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,413

$68,544-80.4%

$115,752-88.4%

$69,631-80.7%

Participation rate

77.3%

74.0%+3.3pp

77.8%-0.5pp

70.7%+6.6pp

Annual return

11.82%

20.97%-9.2pp

19.41%-7.6pp

27571.02%-27559.2pp

Employer contribution / active EE

$535

$2,400-77.7%

$3,492-84.7%

$2,032-73.7%

Participant deferral / active EE

$1,240

$3,887-68.1%

$5,204-76.2%

$3,224-61.5%

Admin fee / account holder

$61

$90-32.9%

$6,278-99.0%

$110-45.1%

Provider

Service type

Compensation

SWERDLIN & COMPANY3+ years

Service code 15 · EIN 58-1392124

5901 PEACTREE DUNWOODY RD STE 170 · ATLANTA, GA 30328

Recordkeeping

$39,814

PEOPLES FIRST PROPERTIES RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEOPLES FIRST PROPERTIES RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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