Retirement plan

2-1-1 TAMPA BAY CARES, INC. TAX SHELTERED ANNUITY PLAN

Name: 2-1-1 TAMPA BAY CARES, INC. - 2-1-1 TAMPA BAY CARES, INC. TAX SHELTERED ANNUITY PLAN (2020) Form 5500
Creator: 2-1-1 TAMPA BAY CARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 2-1-1 TAMPA BAY CARES, INC. TAX SHELTERED ANNUITY PLAN, 2-1-1 TAMPA BAY CARES, INC.

2-1-1 TAMPA BAY CARES, INC.EIN 59-3355555Plan #001PY 2020

14155 58TH STREET NORTH, SUITE 211 - CLEARWATER, FL 33760727-210-4241

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$853K

+22.6% from 2019

Total participants

+10.4% from 2019

Average account balance

$18,140

+1.7% from 2019

Annual return

8.15%

+5.33 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

101.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$117K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$806

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 codes2E2G2L2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$20K

$468 / participant

Other / not subdivided$20K100.0%

% of EOY assets

2.304%

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

$18,140

$91,179-80.1%

$178,499-89.8%

$79,852-77.3%

Participation rate

85.7%

69.2%+16.5pp

81.9%+3.8pp

69.6%+16.1pp

Annual return

8.15%

24.19%-16.0pp

151.10%-143.0pp

31.72%-23.6pp

Employer contribution / active EE

$805

$3,256-75.3%

$5,011-83.9%

$2,471-67.4%

Participant deferral / active EE

$1,933

$3,236-40.3%

$5,202-62.8%

$3,740-48.3%

Admin fee / account holder

$418

$6,749-93.8%

$13,986-97.0%

$5,306-92.1%

2-1-1 TAMPA BAY CARES, INC. TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

2-1-1 TAMPA BAY CARES, INC. TAX SHELTERED ANNUITY 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