Retirement plan

FIRST COAST SECURITY SERVICES, INC. 401K PLAN

Name: FIRST COAST SECURITY SERVICES, INC. - FIRST COAST SECURITY SERVICES, INC. 401K PLAN (2022) 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. 401K PLAN, FIRST COAST SECURITY SERVICES, INC.

FIRST COAST SECURITY SERVICES, INC.EIN 59-3647971Plan #004PY 2022

4875 BELFORT ROAD SUITE 100 - JACKSONVILLE, FL 32256904-598-1993

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2M

-14.0% from 2021

Total participants

2,611

-14.6% from 2021

Average account balance

$1,455

-14.9% from 2021

Annual return

-16.47%

-27.60 pp from 2021

Benchmarks

See 336 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort336 peers

Snapshot2022

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 1150 S OLIVE STREET · LOS ANGELOS, CA 90015	Recordkeeping	$54,270
COASTAL PENSION CONSULTANTS INC8+ years Service code 15 · EIN 38-3661233 PO BOX 1350 · PALM HARBOR, FL 346821350	Recordkeeping	$46,818
MASTERS SMITH & WISBY PA2 years Service code 10 · EIN 59-1466001 4651 SALISBURY ROAD, SUITE 185 · JACKSONVILLE, FL 32256	Accounting	$9,500
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT, INC. Service code 27 · EIN 33-0905143 3835 PGC BLVD SUITE 1100 · PALM BEACH GARDENS, FL 33410	Advisory (Plan)	$7,983

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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).
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.
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 participant contribution
Participant contribution per participant 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

$114K

$55 / participant

Investment mgmt$8K7.0%
Contract admin$54K47.5%
Other / not subdivided$52K45.5%

% of EOY assets

5.575%

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

$1,455

$37,418-96.1%

$77,100-98.1%

$77,906-98.1%

Participation rate

41.7%

46.9%-5.2pp

67.9%-26.2pp

73.7%-32.0pp

Annual return

-16.47%

-7.13%-9.3pp

42.35%-58.8pp

12.16%-28.6pp

Employer contribution / active EE

$1,200-100.0%

$2,815-100.0%

$2,846-100.0%

Participant deferral / active EE

$405

$2,572-84.2%

$4,430-90.9%

$4,805-91.6%

Admin fee / account holder

$81

$126-35.6%

$5,443-98.5%

$133-38.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

1150 S OLIVE STREET · LOS ANGELOS, CA 90015

Recordkeeping

$54,270

COASTAL PENSION CONSULTANTS INC8+ years

Service code 15 · EIN 38-3661233

PO BOX 1350 · PALM HARBOR, FL 346821350

Recordkeeping

$46,818

MASTERS SMITH & WISBY PA2 years

Service code 10 · EIN 59-1466001

4651 SALISBURY ROAD, SUITE 185 · JACKSONVILLE, FL 32256

Accounting

$9,500

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT, INC.

Service code 27 · EIN 33-0905143

3835 PGC BLVD SUITE 1100 · PALM BEACH GARDENS, FL 33410

Advisory (Plan)

$7,983

FIRST COAST SECURITY SERVICES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST COAST SECURITY SERVICES, INC. 401K 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