Retirement plan

FIRST COAST SECURITY SERVICES, INC. 401(K) PLAN

Name: FIRST COAST SECURITY SERVICES, INC. - FIRST COAST SECURITY SERVICES, INC. 401(K) PLAN (2024) Form 5500
Creator: FIRST COAST SECURITY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST COAST SECURITY SERVICES, INC. 401(K) PLAN, FIRST COAST SECURITY SERVICES, INC.

FIRST COAST SECURITY SERVICES, INC.EIN 59-3647971Plan #004PY 2024

4875 BELFORT RD., SUITE 110 - JACKSONVILLE, FL 32256904-598-1993

Prospect flagsLow returnsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$3.3M

+9.8% from 2023

Total participants

3,207

+1.4% from 2023

Average account balance

$2,711

+45.3% from 2023

Annual return

9.76%

-2.82 pp from 2023

Benchmarks

See 385 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort385 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.28M

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

1,211

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.

32.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$355

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)

$126

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

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$77,849
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$31,474
COASTAL PENSION CONSULTANTS INC1 year Filed as: COASTAL PENSION CONSULTANTS, INC. Service code 15 · EIN 38-3661233	Recordkeeping	$31,358
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT Service code 27 120 VANTIS · ALISO VIEJO, CA 92656	Advisory (Plan)	$6,129
NFP RETIREMENT INC1 year Service code 27 · EIN 33-0905143	Advisory (Plan)	$4,273

Plan features & details

Pension benefit codes2A2E3D2G2J2K2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$153K

$52 / participant

Investment mgmt$6K4.0%
Contract admin$144K93.9%
Other / not subdivided$3K2.1%

% of EOY assets

4.657%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MASTERS, SMITH & WISBY, P.A.
Auditor EIN: 591466001
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,711

$45,022-94.0%

$85,240-96.8%

$200,096-98.6%

Participation rate

32.2%

45.8%-13.6pp

67.5%-35.3pp

72.0%-39.8pp

Annual return

9.76%

21.00%-11.2pp

66.75%-57.0pp

34.26%-24.5pp

Employer contribution / active EE

$1,374-100.0%

$2,735-100.0%

$3,038-100.0%

Participant deferral / active EE

$355

$2,682-86.8%

$4,527-92.1%

$5,090-93.0%

Admin fee / account holder

$126

$585-78.4%

$6,165-98.0%

$269-53.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$77,849

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$31,474

COASTAL PENSION CONSULTANTS INC1 year

Filed as: COASTAL PENSION CONSULTANTS, INC.

Service code 15 · EIN 38-3661233

Recordkeeping

$31,358

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT

Service code 27

120 VANTIS · ALISO VIEJO, CA 92656

Advisory (Plan)

$6,129

NFP RETIREMENT INC1 year

Service code 27 · EIN 33-0905143

Advisory (Plan)

$4,273

FIRST COAST SECURITY SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST COAST SECURITY SERVICES, INC. 401(K) 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