Retirement plan

NORTH FLORIDA SALES 401(K) PROFIT SHARING PLAN

Name: NORTH FLORIDA SALES TRIPLE P DISTRIBUTING CO., INC. - NORTH FLORIDA SALES 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: NORTH FLORIDA SALES TRIPLE P DISTRIBUTING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH FLORIDA SALES 401(K) PROFIT SHARING PLAN, NORTH FLORIDA SALES TRIPLE P DISTRIBUTING CO., INC.

NORTH FLORIDA SALES TRIPLE P DISTRIBUTING CO., INC.EIN 61-0853834Plan #001PY 2020

3601 REGENT BOULEVARD - JACKSONVILLE, FL 32224904-645-0283LinkedIn201-500 employeescomputer software

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+20.8% from 2019

Total participants

282

+9.3% from 2019

Average account balance

$26,318

-15.2% from 2019

Annual return

12.38%

-5.25 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.48M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

248

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$931K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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 2 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$36,104
RETIREMENT SOLUTIONS SPECIALISTS4 years Service code 15 · EIN 27-0293282	Recordkeeping	$3,092

Plan features & details

Pension benefit codes3D2F2G2J2K2T

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.
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 employer contribution
Employer 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6K

$26 / participant

Contract admin$6K100.0%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EBELHAR WHITEHEAD, PLLC
Auditor EIN: 272616366
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,318

$81,474-67.7%

$133,959-80.4%

$73,493-64.2%

Participation rate

100.0%

76.4%+23.6pp

79.8%+20.2pp

70.7%+29.3pp

Annual return

12.38%

19.40%-7.0pp

45.09%-32.7pp

28.51%-16.1pp

Employer contribution / active EE

$495

$2,209-77.6%

$3,919-87.4%

$2,270-78.2%

Participant deferral / active EE

$2,324

$3,786-38.6%

$5,047-54.0%

$3,740-37.9%

Admin fee / account holder

$22

$713-97.0%

$8,928-99.8%

$513-95.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$36,104

RETIREMENT SOLUTIONS SPECIALISTS4 years

Service code 15 · EIN 27-0293282

Recordkeeping

$3,092

NORTH FLORIDA SALES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH FLORIDA SALES 401(K) PROFIT SHARING 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