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 (2020) 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 2020

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

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$640K

+38.5% from 2019

Total participants

+27.9% from 2019

Average account balance

$12,803

-8.6% from 2019

Annual return

12.15%

-40.36 pp from 2019

Benchmarks

See 9,301 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,301 peers

Snapshot2020

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$58K

$1879 / participant

Other / not subdivided$58K100.0%

% of EOY assets

9.101%

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

$12,803

$65,027-80.3%

$90,970-85.9%

$79,852-84.0%

Participation rate

83.9%

61.6%+22.3pp

69.0%+14.9pp

69.6%+14.2pp

Annual return

12.15%

30.45%-18.3pp

134.58%-122.4pp

31.72%-19.6pp

Employer contribution / active EE

$1,863

$1,247+49.4%

$2,122-12.2%

$2,471-24.6%

Participant deferral / active EE

$3,928

$2,512+56.4%

$3,373+16.4%

$3,740+5.0%

Admin fee / account holder

$1,165

$4,535-74.3%

$5,960-80.5%

$5,306-78.0%

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