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Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan

Workforce Development Board of Flagler and Volusia Counties Inc. • EIN 59-3391587 • Daytona Beach, FL • Plan year 2000

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329 Bill France BlvdDaytona Beach, FL 32114-1301
Filing Insights

Participants

Down

17 → 11

-6 • -35.29%

Assets

Down

$798,560 → $583,130

-$215,430 • -26.98%

Investment Management Fee

-

Admin expenses - • Total expenses $105,711

Filing Details

Context
Net investment result
$-215,430
Pension payor EIN
59-3391587

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

Not reported

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202410$0$0-
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-0$0--
2023118$1,961,782$156,543$8,697iApproximate average salary by contribution assumption: employee only about $217,421 at 4% or $144,947 at 6%; with 50% employer match about $144,947 at 4% or $96,631 at 6%; with 100% employer match about $108,710 at 4% or $72,474 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-18$1,961,782$156,543$8,697iApproximate average salary by contribution assumption: employee only about $217,421 at 4% or $144,947 at 6%; with 50% employer match about $144,947 at 4% or $96,631 at 6%; with 100% employer match about $108,710 at 4% or $72,474 at 6%.
2022122$2,231,198$131,538$5,979iApproximate average salary by contribution assumption: employee only about $149,475 at 4% or $99,650 at 6%; with 50% employer match about $99,650 at 4% or $66,433 at 6%; with 100% employer match about $74,738 at 4% or $49,825 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-22$2,231,198$131,538$5,979iApproximate average salary by contribution assumption: employee only about $149,475 at 4% or $99,650 at 6%; with 50% employer match about $99,650 at 4% or $66,433 at 6%; with 100% employer match about $74,738 at 4% or $49,825 at 6%.
2021120$2,199,156$107,357$5,368iApproximate average salary by contribution assumption: employee only about $134,196 at 4% or $89,464 at 6%; with 50% employer match about $89,464 at 4% or $59,643 at 6%; with 100% employer match about $67,098 at 4% or $44,732 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-20$2,199,156$107,357$5,368iApproximate average salary by contribution assumption: employee only about $134,196 at 4% or $89,464 at 6%; with 50% employer match about $89,464 at 4% or $59,643 at 6%; with 100% employer match about $67,098 at 4% or $44,732 at 6%.
2020122$3,323,487$106,631$4,847iApproximate average salary by contribution assumption: employee only about $121,172 at 4% or $80,781 at 6%; with 50% employer match about $80,781 at 4% or $53,854 at 6%; with 100% employer match about $60,586 at 4% or $40,391 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-22$3,323,487$106,631$4,847iApproximate average salary by contribution assumption: employee only about $121,172 at 4% or $80,781 at 6%; with 50% employer match about $80,781 at 4% or $53,854 at 6%; with 100% employer match about $60,586 at 4% or $40,391 at 6%.
2019125$2,452,475$98,255$3,930iApproximate average salary by contribution assumption: employee only about $98,255 at 4% or $65,503 at 6%; with 50% employer match about $65,503 at 4% or $43,669 at 6%; with 100% employer match about $49,128 at 4% or $32,752 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-25$2,452,475$98,255$3,930iApproximate average salary by contribution assumption: employee only about $98,255 at 4% or $65,503 at 6%; with 50% employer match about $65,503 at 4% or $43,669 at 6%; with 100% employer match about $49,128 at 4% or $32,752 at 6%.
2018126$2,476,099$94,759$3,645iApproximate average salary by contribution assumption: employee only about $91,114 at 4% or $60,743 at 6%; with 50% employer match about $60,743 at 4% or $40,495 at 6%; with 100% employer match about $45,557 at 4% or $30,371 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-26$2,476,099$94,759$3,645iApproximate average salary by contribution assumption: employee only about $91,114 at 4% or $60,743 at 6%; with 50% employer match about $60,743 at 4% or $40,495 at 6%; with 100% employer match about $45,557 at 4% or $30,371 at 6%.
2017127$2,462,573$75,410$2,793iApproximate average salary by contribution assumption: employee only about $69,824 at 4% or $46,549 at 6%; with 50% employer match about $46,549 at 4% or $31,033 at 6%; with 100% employer match about $34,912 at 4% or $23,275 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-27$2,462,573$75,410$2,793iApproximate average salary by contribution assumption: employee only about $69,824 at 4% or $46,549 at 6%; with 50% employer match about $46,549 at 4% or $31,033 at 6%; with 100% employer match about $34,912 at 4% or $23,275 at 6%.
2016127$2,369,965$92,459$3,424iApproximate average salary by contribution assumption: employee only about $85,610 at 4% or $57,073 at 6%; with 50% employer match about $57,073 at 4% or $38,049 at 6%; with 100% employer match about $42,805 at 4% or $28,537 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-27$2,369,965$92,459$3,424iApproximate average salary by contribution assumption: employee only about $85,610 at 4% or $57,073 at 6%; with 50% employer match about $57,073 at 4% or $38,049 at 6%; with 100% employer match about $42,805 at 4% or $28,537 at 6%.
2015143$2,230,869$133,849$3,113iApproximate average salary by contribution assumption: employee only about $77,819 at 4% or $51,879 at 6%; with 50% employer match about $51,879 at 4% or $34,586 at 6%; with 100% employer match about $38,910 at 4% or $25,940 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-43$2,230,869$133,849$3,113iApproximate average salary by contribution assumption: employee only about $77,819 at 4% or $51,879 at 6%; with 50% employer match about $51,879 at 4% or $34,586 at 6%; with 100% employer match about $38,910 at 4% or $25,940 at 6%.
2014146$2,170,479$125,708$2,733iApproximate average salary by contribution assumption: employee only about $68,320 at 4% or $45,546 at 6%; with 50% employer match about $45,546 at 4% or $30,364 at 6%; with 100% employer match about $34,160 at 4% or $22,773 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-46$2,170,479$125,708$2,733iApproximate average salary by contribution assumption: employee only about $68,320 at 4% or $45,546 at 6%; with 50% employer match about $45,546 at 4% or $30,364 at 6%; with 100% employer match about $34,160 at 4% or $22,773 at 6%.
2013148$2,115,783$158,533$3,303iApproximate average salary by contribution assumption: employee only about $82,569 at 4% or $55,046 at 6%; with 50% employer match about $55,046 at 4% or $36,697 at 6%; with 100% employer match about $41,285 at 4% or $27,523 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-48$2,115,783$158,533$3,303iApproximate average salary by contribution assumption: employee only about $82,569 at 4% or $55,046 at 6%; with 50% employer match about $55,046 at 4% or $36,697 at 6%; with 100% employer match about $41,285 at 4% or $27,523 at 6%.
2012138$2,128,896$179,218$4,716iApproximate average salary by contribution assumption: employee only about $117,907 at 4% or $78,604 at 6%; with 50% employer match about $78,604 at 4% or $52,403 at 6%; with 100% employer match about $58,953 at 4% or $39,302 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-38$2,128,896$179,218$4,716iApproximate average salary by contribution assumption: employee only about $117,907 at 4% or $78,604 at 6%; with 50% employer match about $78,604 at 4% or $52,403 at 6%; with 100% employer match about $58,953 at 4% or $39,302 at 6%.
2011137$1,851,851$164,828$4,455iApproximate average salary by contribution assumption: employee only about $111,370 at 4% or $74,247 at 6%; with 50% employer match about $74,247 at 4% or $49,498 at 6%; with 100% employer match about $55,685 at 4% or $37,123 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-37$1,851,851$164,828$4,455iApproximate average salary by contribution assumption: employee only about $111,370 at 4% or $74,247 at 6%; with 50% employer match about $74,247 at 4% or $49,498 at 6%; with 100% employer match about $55,685 at 4% or $37,123 at 6%.
2010134$1,703,527$157,946$4,645iApproximate average salary by contribution assumption: employee only about $116,137 at 4% or $77,425 at 6%; with 50% employer match about $77,425 at 4% or $51,616 at 6%; with 100% employer match about $58,068 at 4% or $38,712 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-34$1,703,527$157,946$4,645iApproximate average salary by contribution assumption: employee only about $116,137 at 4% or $77,425 at 6%; with 50% employer match about $77,425 at 4% or $51,616 at 6%; with 100% employer match about $58,068 at 4% or $38,712 at 6%.
2009128$1,268,483$136,257$4,866iApproximate average salary by contribution assumption: employee only about $121,658 at 4% or $81,105 at 6%; with 50% employer match about $81,105 at 4% or $54,070 at 6%; with 100% employer match about $60,829 at 4% or $40,553 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-28$1,268,483$136,257$4,866iApproximate average salary by contribution assumption: employee only about $121,658 at 4% or $81,105 at 6%; with 50% employer match about $81,105 at 4% or $54,070 at 6%; with 100% employer match about $60,829 at 4% or $40,553 at 6%.
2008123$1,006,363$261,297$11,361iApproximate average salary by contribution assumption: employee only about $284,018 at 4% or $189,346 at 6%; with 50% employer match about $189,346 at 4% or $126,230 at 6%; with 100% employer match about $142,009 at 4% or $94,673 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-23$1,006,363$261,297$11,361iApproximate average salary by contribution assumption: employee only about $284,018 at 4% or $189,346 at 6%; with 50% employer match about $189,346 at 4% or $126,230 at 6%; with 100% employer match about $142,009 at 4% or $94,673 at 6%.
2007117$0$0-
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-17---
2006117$682,202$74,468$4,380iApproximate average salary by contribution assumption: employee only about $109,512 at 4% or $73,008 at 6%; with 50% employer match about $73,008 at 4% or $48,672 at 6%; with 100% employer match about $54,756 at 4% or $36,504 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-17$682,202$74,468$4,380iApproximate average salary by contribution assumption: employee only about $109,512 at 4% or $73,008 at 6%; with 50% employer match about $73,008 at 4% or $48,672 at 6%; with 100% employer match about $54,756 at 4% or $36,504 at 6%.
2005118$908,293$74,892$4,161iApproximate average salary by contribution assumption: employee only about $104,017 at 4% or $69,344 at 6%; with 50% employer match about $69,344 at 4% or $46,230 at 6%; with 100% employer match about $52,008 at 4% or $34,672 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-18$908,293$74,892$4,161iApproximate average salary by contribution assumption: employee only about $104,017 at 4% or $69,344 at 6%; with 50% employer match about $69,344 at 4% or $46,230 at 6%; with 100% employer match about $52,008 at 4% or $34,672 at 6%.
2004115$806,696$67,845$4,523iApproximate average salary by contribution assumption: employee only about $113,075 at 4% or $75,383 at 6%; with 50% employer match about $75,383 at 4% or $50,256 at 6%; with 100% employer match about $56,538 at 4% or $37,692 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-15$806,696$67,845$4,523iApproximate average salary by contribution assumption: employee only about $113,075 at 4% or $75,383 at 6%; with 50% employer match about $75,383 at 4% or $50,256 at 6%; with 100% employer match about $56,538 at 4% or $37,692 at 6%.
2003116$693,584$76,784$4,799iApproximate average salary by contribution assumption: employee only about $119,975 at 4% or $79,983 at 6%; with 50% employer match about $79,983 at 4% or $53,322 at 6%; with 100% employer match about $59,988 at 4% or $39,992 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-16$693,584$76,784$4,799iApproximate average salary by contribution assumption: employee only about $119,975 at 4% or $79,983 at 6%; with 50% employer match about $79,983 at 4% or $53,322 at 6%; with 100% employer match about $59,988 at 4% or $39,992 at 6%.
2002111$593,203$77,561$7,051iApproximate average salary by contribution assumption: employee only about $176,275 at 4% or $117,517 at 6%; with 50% employer match about $117,517 at 4% or $78,344 at 6%; with 100% employer match about $88,138 at 4% or $58,758 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-11$593,203$77,561$7,051iApproximate average salary by contribution assumption: employee only about $176,275 at 4% or $117,517 at 6%; with 50% employer match about $117,517 at 4% or $78,344 at 6%; with 100% employer match about $88,138 at 4% or $58,758 at 6%.
200119$0$0-
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-9---
2000111$583,130$70,853$6,441iApproximate average salary by contribution assumption: employee only about $161,030 at 4% or $107,353 at 6%; with 50% employer match about $107,353 at 4% or $71,569 at 6%; with 100% employer match about $80,515 at 4% or $53,677 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing PlanCurrent11$583,130$70,853$6,441iApproximate average salary by contribution assumption: employee only about $161,030 at 4% or $107,353 at 6%; with 50% employer match about $107,353 at 4% or $71,569 at 6%; with 100% employer match about $80,515 at 4% or $53,677 at 6%.
1999110$798,560$63,726$6,373iApproximate average salary by contribution assumption: employee only about $159,315 at 4% or $106,210 at 6%; with 50% employer match about $106,210 at 4% or $70,807 at 6%; with 100% employer match about $79,658 at 4% or $53,105 at 6%.
Workforce Development Board of Flagler and Volusia Counties Inc. 401(K) Profit Sharing Plan-10$798,560$63,726$6,373iApproximate average salary by contribution assumption: employee only about $159,315 at 4% or $106,210 at 6%; with 50% employer match about $106,210 at 4% or $70,807 at 6%; with 100% employer match about $79,658 at 4% or $53,105 at 6%.
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$583,130-$215,430 change

Balance Sheet

Beginning and end of plan year.

Total assets$798,560$583,130Decrease -$215,430 (-26.98%)
Total liabilities$0$0No change $0
Net assets$798,560$583,130Decrease -$215,430 (-26.98%)

Contributions

Employer contributions$70,853
Participant contributions$0
Other contributions$0

Income & Expenses

Total income$-109,719
Total expenses$105,711
Net income$-215,430
Source fields
Schedule I source fields
Filing Id
84037106439792
Schedule I EIN
59-3391587
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2000-07-01
Schedule I Tax Period
20010630
Small plan total assets at beginning of year
$798,560
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$798,560
Small plan total assets at end of year
$583,130
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$583,130
Small plan employer contributions
$70,853
Small plan participant contributions
$0
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$-180,572
Small plan total income
$-109,719
Small plan total benefit distributions
$105,711
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$0
Small plan total expenses
$105,711
Small plan net income or loss
$-215,430
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
2
Small Investment Real Est End of year A
0
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
No
Small Mortg Participants End of year Amount
$0
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$80,000
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN59-3391587

Transfers

Distributed property value$0
Schedule R source fields
Payor 59-3391587
Filing Id
84037106439792
Schedule R EIN
59-3391587
Schedule R Plan number
001
Schedule R Plan Year Begin Date
2000-07-01
Schedule R Tax Period
20010630
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
59-3391587
Pension Bnft Distribution Sngl Sum Count
2
Pension Elec Satisfy Code 412 Indicator
3
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0
Pension Chg Fndng Method Indicator
3