Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF NORTHWEST VERMONT, INC.

Name: UNITED WAY OF NORTHWEST VERMONT, INC. - 403(B) THRIFT PLAN OF UNITED WAY OF NORTHWEST VERMONT, INC. (2024) Form 5500
Creator: UNITED WAY OF NORTHWEST VERMONT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF NORTHWEST VERMONT, INC., UNITED WAY OF NORTHWEST VERMONT, INC.

UNITED WAY OF NORTHWEST VERMONT, INC.EIN 03-0217229Plan #001PY 2024

412 FARRELL ST STE 200 - SOUTH BURLINGTON, VT 054034466802-864-7541unitedwaynwvt.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+17.7% from 2023

Total participants

+6.1% from 2023

Average account balance

$43,151

+10.2% from 2023

Annual return

18.18%

+20.47 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.34M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

144.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2106

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$196K

$5305 / participant

Other / not subdivided$196K100.0%

% of EOY assets

9.679%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,151

$81,262-46.9%

$155,602-72.3%

$80,911-46.7%

Participation rate

86.5%

66.2%+20.2pp

78.2%+8.3pp

67.6%+18.8pp

Annual return

18.18%

33.34%-15.2pp

64.81%-46.6pp

35.63%-17.5pp

Employer contribution / active EE

$2,498

$3,102-19.5%

$4,675-46.6%

$2,756-9.4%

Participant deferral / active EE

$2,599

$3,451-24.7%

$5,629-53.8%

$4,297-39.5%

Admin fee / account holder

$4,176

$7,992-47.7%

$15,923-73.8%

$6,935-39.8%

403(B) THRIFT PLAN OF UNITED WAY OF NORTHWEST VERMONT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF NORTHWEST VERMONT, INC.

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