Retirement plan

FLORIDA GUN EXCHANGE, INC. 401K PLAN

Name: FLORIDA GUN EXCHANGE, INC. - FLORIDA GUN EXCHANGE, INC. 401K PLAN (2021) Form 5500
Creator: FLORIDA GUN EXCHANGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA GUN EXCHANGE, INC. 401K PLAN, FLORIDA GUN EXCHANGE, INC.

FLORIDA GUN EXCHANGE, INC.EIN 59-3708486Plan #001PY 2021

1050 S. NOVA RD. - ORMOND BEACH, FL 32174386-236-2028floridagunexchange.comLinkedIn11-50 employeessporting goods

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$442K

+48.2% from 2020

Total participants

+11.5% from 2020

Average account balance

$36,819

+23.5% from 2020

Annual return

17.31%

-8.90 pp from 2020

Benchmarks

See 2,075 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,075 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$901K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

54.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+20.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$603

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 codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$97 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.635%

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

$36,819

$66,402-44.6%

$109,895-66.5%

$85,856-57.1%

Participation rate

41.4%

63.9%-22.5pp

74.2%-32.8pp

69.3%-27.9pp

Annual return

17.31%

19.59%-2.3pp

29.46%-12.2pp

318.58%-301.3pp

Employer contribution / active EE

$1,189

$1,687-29.5%

$2,843-58.2%

$2,565-53.7%

Participant deferral / active EE

$1,985

$2,842-30.2%

$4,049-51.0%

$3,952-49.8%

Admin fee / account holder

$234

$4,557-94.9%

$6,067-96.1%

$6,261-96.3%

FLORIDA GUN EXCHANGE, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA GUN EXCHANGE, 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