Retirement plan

SPTCO MEP 401(K) FOR HERITAGE PALMS GOLF AND COUNTRY CLUB

Name: HERITAGE PALMS GOLF & COUNTRY CLUB - SPTCO MEP 401(K) FOR HERITAGE PALMS GOLF AND COUNTRY CLUB (2022) Form 5500
Creator: HERITAGE PALMS GOLF & COUNTRY CLUB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPTCO MEP 401(K) FOR HERITAGE PALMS GOLF AND COUNTRY CLUB, HERITAGE PALMS GOLF & COUNTRY CLUB

HERITAGE PALMS GOLF & COUNTRY CLUBEIN 65-0825023Plan #001PY 2022

10420 WASHINGTONIA PALM WAY - FT. MYERS, FL 33912239-278-9090hpgcc.comLinkedIn1-10 employeessports

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

-10.4% from 2021

Total participants

156

+188.9% from 2021

Average account balance

$47,942

-15.1% from 2021

Annual return

-16.80%

-26.94 pp from 2021

Benchmarks

See 638 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort638 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.31M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

24.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$385K

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

+16.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4388

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

Top 2 by compensation

Provider	Service type	Compensation
SARASOTA PRIVATE TRUST1 year Filed as: SARASOTA PRIVATE TRUST COMPANY Service code 27 · EIN 83-2680596	Advisory (Plan)	$5,843
EPIC RETIREMENT PLAN SERVICES1 year Filed as: THE RETIREMENT PLAN COMPANY, LLC Service code 27 · EIN 38-3712991	Advisory (Plan)	$2,038

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

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

$13K

$85 / participant

Investment mgmt$6K46.0%
Contract admin$5K38.0%
Other / not subdivided$2K16.0%

% of EOY assets

0.465%

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: PHILLIPS FELDMAN GROUP
Auditor EIN: 592840381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,942

$45,602+5.1%

$117,533-59.2%

$66,938-28.4%

Participation rate

33.6%

57.6%-24.1pp

70.6%-37.0pp

69.8%-36.3pp

Annual return

-16.80%

-16.74%-0.1pp

29.77%-46.6pp

1.58%-18.4pp

Employer contribution / active EE

$573

$1,579-63.7%

$4,179-86.3%

$2,545-77.5%

Participant deferral / active EE

$1,614

$2,845-43.3%

$4,072-60.4%

$4,238-61.9%

Admin fee / account holder

$223

$661-66.2%

$5,647-96.1%

$594-62.4%

Provider

Service type

Compensation

SARASOTA PRIVATE TRUST1 year

Filed as: SARASOTA PRIVATE TRUST COMPANY

Service code 27 · EIN 83-2680596

Advisory (Plan)

$5,843

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: THE RETIREMENT PLAN COMPANY, LLC

Service code 27 · EIN 38-3712991

Advisory (Plan)

$2,038

SPTCO MEP 401(K) FOR HERITAGE PALMS GOLF AND COUNTRY CLUB

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPTCO MEP 401(K) FOR HERITAGE PALMS GOLF AND COUNTRY CLUB

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