Retirement plan

FLORAL BENEFITS 401(K) PROFIT SHARING PLAN

Name: SUNSHINE FLOWERS CORPORATION - FLORAL BENEFITS 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SUNSHINE FLOWERS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORAL BENEFITS 401(K) PROFIT SHARING PLAN, SUNSHINE FLOWERS CORPORATION

SUNSHINE FLOWERS CORPORATIONEIN 82-4653162Plan #001PY 2020

7001 NW 25TH STREET - MIAMI, FL 33122305-591-2113LinkedIn1-10 employeesretail

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14.8M

+10.1% from 2019

Total participants

246

+2.1% from 2019

Average account balance

$73,737

+7.9% from 2019

Annual return

10.14%

-630.38 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.48M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

223

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 26 · EIN 13-5674085	Advisory (Participants)	$62,226
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$20,019
PENSION SERVICES, INC.2+ years Service code 55 · EIN 65-0158316	Other Commissions	$6,154

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

Expense breakdown

Schedule H Part II

Admin total

$52K

$242 / participant

Contract admin$52K100.0%

% of EOY assets

0.348%

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: JULIAN J. RODRIGUEZ, PA
Auditor EIN: 592688392
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,737

$66,124+11.5%

$90,440-18.5%

$73,493+0.3%

Participation rate

78.9%

69.7%+9.2pp

72.7%+6.2pp

70.7%+8.2pp

Annual return

10.14%

17.65%-7.5pp

1294.38%-1284.2pp

28.51%-18.4pp

Employer contribution / active EE

$1,979

$2,346-15.7%

$3,263-39.4%

$2,270-12.8%

Participant deferral / active EE

$2,978

$3,039-2.0%

$3,964-24.9%

$3,740-20.4%

Admin fee / account holder

$256

$396-35.3%

$5,615-95.4%

$513-50.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$62,226

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$20,019

PENSION SERVICES, INC.2+ years

Service code 55 · EIN 65-0158316

Other Commissions

$6,154

FLORAL BENEFITS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORAL BENEFITS 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