Retirement plan

EMPLOYEE BENEFIT PLAN OF AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL

Name: AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL - EMPLOYEE BENEFIT PLAN OF AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL (2020) Form 5500
Creator: AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL, AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL

AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE ALEIN 59-3144723Plan #002PY 2020

3319 MAGUIRE BLVD STE 100 - ORLANDO, FL 328033714407-514-1800LinkedIn11-50 employeesindividual & family services

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.8M

-12.9% from 2019

Total participants

+25.0% from 2019

Average account balance

$45,416

-12.9% from 2019

Annual return

9.21%

-2.46 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.61M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+21.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2427

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 codes2F2G2T3D

Plan features

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$607K

$31925 / participant

Other / not subdivided$607K100.0%

% of EOY assets

33.390%

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

$45,416

$100,938-55.0%

$90,461-49.8%

$158,982-71.4%

Participation rate

47.4%

75.0%-27.7pp

72.7%-25.3pp

82.0%-34.6pp

Annual return

9.21%

1727.20%-1718.0pp

1294.76%-1285.6pp

302.99%-293.8pp

Employer contribution / active EE

$5,116

$3,691+38.6%

$3,264+56.7%

$4,763+7.4%

Participant deferral / active EE

$1,902

$4,350-56.3%

$3,964-52.0%

$5,983-68.2%

Admin fee / account holder

$15,164

$6,510+133.0%

$5,617+170.0%

$11,252+34.8%

EMPLOYEE BENEFIT PLAN OF AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF AREA AGENCY ON AGING OF CENTRAL FLORIDA, INC. D/B/A SENIOR RESOURCE AL

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