Retirement plan

FLAGSHIP COMMUNITIES 401(K) PLAN

Name: MANAGEMENT FC, LLC - FLAGSHIP COMMUNITIES 401(K) PLAN (2023) Form 5500
Creator: MANAGEMENT FC, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLAGSHIP COMMUNITIES 401(K) PLAN, MANAGEMENT FC, LLC

MANAGEMENT FC, LLCEIN 85-2697010Plan #001PY 2023

467 ERLANGER DR. - ERLANGER, KY 410181496859-342-5111plcmanagement.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow participationLow assets / participantLow participant contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+83.5% from 2022

Total participants

265

-18.5% from 2022

Average account balance

$10,762

-38.0% from 2022

Annual return

26.99%

+43.03 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

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$2.18M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

110

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

$571K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 5-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CREATIVE RETIREMENT SYSTEMS, INC.2 years Filed as: CREATIVE RETIREMENT SYSTEMS Service code 13 25 MERCHANT ST STE 135 · CINCINNATI, OH 45246	Contract Administrator	$750
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSRUANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$700
CREATIVE RETIREMENT SYSTEMS, INC.1 year Filed as: CREATIVE RETIREMENT SYSTEMS, INC Service code 13	Contract Administrator	$494
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Investment Management	$417

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T

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.
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

5 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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$2K

$9 / participant

Recordkeeping$70038.5%
Investment mgmt$41722.9%
Contract admin$70038.5%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

3 / 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: DEAN DORTON ALLEN FORD PLLC
Auditor EIN: 273858252
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

$10,762

$65,390-83.5%

$169,368-93.6%

$71,457-84.9%

Participation rate

36.0%

67.0%-30.9pp

77.1%-41.1pp

67.9%-31.9pp

Annual return

26.99%

21.31%+5.7pp

405.60%-378.6pp

28.85%-1.9pp

Employer contribution / active EE

$830

$2,079-60.1%

$4,013-79.3%

$2,588-67.9%

Participant deferral / active EE

$1,647

$4,367-62.3%

$6,221-73.5%

$4,289-61.6%

Admin fee / account holder

$13

$1,324-99.0%

$9,003-99.9%

$1,587-99.2%

Provider

Service type

Compensation

CREATIVE RETIREMENT SYSTEMS, INC.2 years

Filed as: CREATIVE RETIREMENT SYSTEMS

Service code 13

25 MERCHANT ST STE 135 · CINCINNATI, OH 45246

Contract Administrator

$750

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSRUANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$700

CREATIVE RETIREMENT SYSTEMS, INC.1 year

Filed as: CREATIVE RETIREMENT SYSTEMS, INC

Service code 13

Contract Administrator

$494

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Investment Management

$417

FLAGSHIP COMMUNITIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLAGSHIP COMMUNITIES 401(K) 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