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 (2022) 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 2022

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1M

+7.6% from 2021

Total participants

+17.2% from 2021

Average account balance

$16,167

-11.5% from 2021

Annual return

-16.15%

-33.95 pp from 2021

Benchmarks

See 9,445 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,445 peers

Snapshot2022

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

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

$3K

$78 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.342%

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

$16,167

$59,813-73.0%

$79,580-79.7%

$68,486-76.4%

Participation rate

86.4%

61.1%+25.3pp

69.5%+16.9pp

67.9%+18.5pp

Annual return

-16.15%

-12.30%-3.9pp

0.15%-16.3pp

-7.85%-8.3pp

Employer contribution / active EE

$1,615

$1,505+7.3%

$2,413-33.1%

$2,597-37.8%

Participant deferral / active EE

$3,491

$3,024+15.4%

$3,985-12.4%

$4,028-13.3%

Admin fee / account holder

$55

$4,835-98.9%

$6,835-99.2%

$5,404-99.0%

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