Retirement plan

EMPLOYEE BENEFIT PLAN OF SUNSHINE HOMES, INC.

Name: SUNSHINE HOMES, INC. - EMPLOYEE BENEFIT PLAN OF SUNSHINE HOMES, INC. (2023) Form 5500
Creator: SUNSHINE HOMES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF SUNSHINE HOMES, INC., SUNSHINE HOMES, INC.

SUNSHINE HOMES, INC.EIN 63-0596473Plan #002PY 2023

PO BOX 507 - RED BAY, AL 35582256-356-4427

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$7.9M

+4.0% from 2022

Total participants

269

-33.4% from 2022

Average account balance

$49,023

-30.2% from 2022

Annual return

10.63%

+19.52 pp from 2022

Benchmarks

See 2,427 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,427 peers

Snapshot2023

See peer percentile detail with Solo.

Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Analytics

Total assets (EOY)

Plan-year ending balance

$7.26M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

140

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.

36.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$361

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

See the 8-year trajectory with Solo.

Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS COMPANY AMERICA Service code 64 · EIN 13-6021421 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,148
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES INSURANCE GROUP Service code 55	Other Commissions	$10,998
AZALEA ADMINISTRATION LLC6 years Filed as: AZALEA ADMINISTRATION, LLC Service code 13	Contract Administrator	$3,793
AZALEA ADMINISTRATION LLC6 years Service code 13 · EIN 59-1199408 P.O. BOX 180293 · MOBILE, AL 36618	Contract Administrator	$2,947
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 55 · EIN 59-1199408 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2G2R3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$41K

$154 / participant

Recordkeeping$41K100.0%

% of EOY assets

0.521%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BORLAND BENEFIELD, PC
Auditor EIN: 630721243
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,023

$99,078-50.5%

$96,544-49.2%

$74,419-34.1%

Participation rate

59.6%

80.7%-21.1pp

76.0%-16.4pp

70.7%-11.2pp

Annual return

10.63%

22.48%-11.9pp

25.84%-15.2pp

34.38%-23.8pp

Employer contribution / active EE

$739

$2,570-71.2%

$2,965-75.1%

$2,637-72.0%

Participant deferral / active EE

$1,162

$4,933-76.4%

$4,851-76.0%

$4,528-74.3%

Admin fee / account holder

$255

$225+13.7%

$8,252-96.9%

$348-26.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS COMPANY AMERICA

Service code 64 · EIN 13-6021421

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,148

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES INSURANCE GROUP

Service code 55

Other Commissions

$10,998

AZALEA ADMINISTRATION LLC6 years

Filed as: AZALEA ADMINISTRATION, LLC

Service code 13

Contract Administrator

$3,793

AZALEA ADMINISTRATION LLC6 years

Service code 13 · EIN 59-1199408

P.O. BOX 180293 · MOBILE, AL 36618

Contract Administrator

$2,947

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 55 · EIN 59-1199408

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Other Commissions

EMPLOYEE BENEFIT PLAN OF SUNSHINE HOMES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SUNSHINE HOMES, INC.

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