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 (2019) 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 2019

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

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$462K

+125.5% from 2018

Total participants

+48.3% from 2018

Average account balance

$14,004

+43.5% from 2018

Annual return

52.51%

+64.86 pp from 2018

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$7K

$186 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.450%

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

$14,004

$58,493-76.1%

$84,021-83.3%

$72,975-80.8%

Participation rate

72.2%

61.2%+11.0pp

69.0%+3.2pp

69.5%+2.7pp

Annual return

52.51%

28.93%+23.6pp

71.32%-18.8pp

81.01%-28.5pp

Employer contribution / active EE

$1,338

$1,163+15.1%

$1,984-32.5%

$2,440-45.2%

Participant deferral / active EE

$2,996

$2,394+25.2%

$3,239-7.5%

$3,608-16.9%

Admin fee / account holder

$203

$4,569-95.6%

$6,102-96.7%

$5,124-96.0%

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