Retirement plan

UNITED COUNSELING SERVICE 403(B) PLAN

Name: UNITED COUNSELING SERVICE OF BENNINGTON COUNTY - UNITED COUNSELING SERVICE 403(B) PLAN (2023) Form 5500
Creator: UNITED COUNSELING SERVICE OF BENNINGTON COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED COUNSELING SERVICE 403(B) PLAN, UNITED COUNSELING SERVICE OF BENNINGTON COUNTY

UNITED COUNSELING SERVICE OF BENNINGTON COUNTYEIN 03-0199213Plan #001PY 2023

100 LEDGE HILL DRIVE, PO BOX 588 - BENNINGTON, VT 052010588802-442-5491

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.4M

+15.7% from 2022

Total participants

365

+11.3% from 2022

Average account balance

$43,103

+9.8% from 2022

Annual return

17.93%

+34.57 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.92M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

199

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.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$552K

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

+16.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843 415 8TH AVE NE · BRAINERD, MN 564012853	Contract Administrator	$1,620
AMERICAN FUNDS7 years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,413

Plan features & details

Pension benefit codes2F2G2K2M2T3D

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KITTELL BRANAGAN & SARGENT
Auditor EIN: 030302296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,103

$47,135-8.6%

$149,717-71.2%

$74,440-42.1%

Participation rate

45.0%

63.4%-18.5pp

78.8%-33.8pp

70.7%-25.8pp

Annual return

17.93%

22.75%-4.8pp

134.41%-116.5pp

34.37%-16.4pp

Employer contribution / active EE

$619

$1,906-67.5%

$4,820-87.2%

$2,638-76.5%

Participant deferral / active EE

$1,350

$2,728-50.5%

$5,682-76.2%

$4,529-70.2%

Admin fee / account holder

-$3

$343-100.9%

$13,213-100.0%

$348-100.9%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

415 8TH AVE NE · BRAINERD, MN 564012853

Contract Administrator

$1,620

AMERICAN FUNDS7 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,413

UNITED COUNSELING SERVICE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED COUNSELING SERVICE 403(B) 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