Retirement plan

MID FLORIDA GOLF CARS DISTRIBUTORS, INC. EMPLOYEE RETIREMENT PLAN

Name: MID FLORIDA GOLF CARS DISTRIBUTORS, INC. - MID FLORIDA GOLF CARS DISTRIBUTORS, INC. EMPLOYEE RETIREMENT PLAN (2024) Form 5500
Creator: MID FLORIDA GOLF CARS DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID FLORIDA GOLF CARS DISTRIBUTORS, INC. EMPLOYEE RETIREMENT PLAN, MID FLORIDA GOLF CARS DISTRIBUTORS, INC.

MID FLORIDA GOLF CARS DISTRIBUTORS, INC.EIN 59-3028560Plan #001PY 2024

750 N. US HIGHWAY 17-92 - LONGWOOD, FL 32750407-699-6400LinkedIn1-10 employeescomputer software

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-22.9% from 2023

Total participants

-28.6% from 2023

Average account balance

$23,247

+7.3% from 2023

Annual return

9.76%

-9.67 pp from 2023

Benchmarks

See 22,372 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,372 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.07M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

219.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14045

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 codes2E2F2J2T3D

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).
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

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

$646K

$30765 / participant

Other / not subdivided$646K100.0%

% of EOY assets

60.414%

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

$23,247

$111,814-79.2%

$93,654-75.2%

$145,959-84.1%

Participation rate

81.0%

74.2%+6.7pp

68.7%+12.2pp

80.3%+0.7pp

Annual return

9.76%

203.30%-193.5pp

133.34%-123.6pp

561.95%-552.2pp

Employer contribution / active EE

$5,715

$3,092+84.9%

$2,421+136.1%

$4,661+22.6%

Participant deferral / active EE

$2,727

$4,914-44.5%

$4,413-38.2%

$6,689-59.2%

Admin fee / account holder

$14,045

$10,246+37.1%

$8,282+69.6%

$13,398+4.8%

MID FLORIDA GOLF CARS DISTRIBUTORS, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID FLORIDA GOLF CARS DISTRIBUTORS, INC. EMPLOYEE RETIREMENT 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