Retirement plan

FISHER ISLAND COMMUNITY ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: FISHER ISLAND COMMUNITY ASSOCIATION, INC. - FISHER ISLAND COMMUNITY ASSOCIATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: FISHER ISLAND COMMUNITY ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISHER ISLAND COMMUNITY ASSOCIATION 401(K) PROFIT SHARING PLAN, FISHER ISLAND COMMUNITY ASSOCIATION, INC.

FISHER ISLAND COMMUNITY ASSOCIATION, INC.EIN 65-0004587Plan #001PY 2023

ONE FISHER ISLAND DRIVE - FISHER ISLAND, FL 33109305-695-3078

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.1M

+18.7% from 2022

Total participants

202

-3.3% from 2022

Average account balance

$54,230

+21.9% from 2022

Annual return

15.06%

+31.53 pp from 2022

Benchmarks

See 1,071 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,071 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.05M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

163

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$915K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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 3 by compensation

Provider	Service type	Compensation
CHERRY BEKAERT LLP1 year Service code 99 · EIN 54-0838558	Other Fees	$6,293
DEFINITI LLC3 years Filed as: DEFINITI, LLC Service code 49 3 HOLLAND STREET · ERIE, PA 16507	Other Services	$3,431
MORNINGSTAR5 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$1,153

Plan features & details

Pension benefit codes2F2G2J2K2T3D

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$111 / participant

Contract admin$14K69.0%
Other / not subdivided$6K31.0%

% of EOY assets

0.249%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKART LLP
Auditor EIN: 560574444
Audit fees: $6,293
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,230

$65,390-17.1%

$169,385-68.0%

$71,495-24.1%

Participation rate

71.6%

67.0%+4.6pp

77.2%-5.6pp

67.9%+3.7pp

Annual return

15.06%

21.31%-6.3pp

405.82%-390.8pp

28.85%-13.8pp

Employer contribution / active EE

$1,576

$2,079-24.2%

$4,012-60.7%

$2,589-39.1%

Participant deferral / active EE

$2,590

$4,367-40.7%

$6,221-58.4%

$4,291-39.6%

Admin fee / account holder

$135

$1,324-89.8%

$9,011-98.5%

$1,588-91.5%

Provider

Service type

Compensation

CHERRY BEKAERT LLP1 year

Service code 99 · EIN 54-0838558

Other Fees

$6,293

DEFINITI LLC3 years

Filed as: DEFINITI, LLC

Service code 49

3 HOLLAND STREET · ERIE, PA 16507

Other Services

$3,431

MORNINGSTAR5 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$1,153

FISHER ISLAND COMMUNITY ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISHER ISLAND COMMUNITY ASSOCIATION 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