Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF GREATER NEW BEDFORD,INC.

Name: UNITED WAY OF GREATER NEW BEDFORD, INC. - 403(B) THRIFT PLAN OF UNITED WAY OF GREATER NEW BEDFORD,INC. (2015) Form 5500
Creator: UNITED WAY OF GREATER NEW BEDFORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF GREATER NEW BEDFORD,INC., UNITED WAY OF GREATER NEW BEDFORD, INC.

UNITED WAY OF GREATER NEW BEDFORD, INC.EIN 04-2104264Plan #002PY 2015

PO BOX 7823 - NEW BEDFORD, MA 02742508-994-9625unitedwayofgnb.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$545K

No prior year

Total participants

No prior year

Average account balance

$32,047

No prior year

Annual return

2.18%

No prior year

Benchmarks

See 102,328 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,328 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10174

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 codes2L

Plan features

2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$79K

$9832 / participant

Other / not subdivided$79K100.0%

% of EOY assets

14.438%

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

$32,047

$168,635-81.0%

$147,617-78.3%

$125,389-74.4%

Participation rate

100.0%

88.8%+11.2pp

84.6%+15.4pp

83.2%+16.8pp

Annual return

2.18%

77.65%-75.5pp

61.98%-59.8pp

282.24%-280.1pp

Employer contribution / active EE

$2,238

$6,252-64.2%

$5,564-59.8%

$4,866-54.0%

Participant deferral / active EE

$5,511

$5,507+0.1%

$4,895+12.6%

$5,352+3.0%

Admin fee / account holder

$4,627

$13,580-65.9%

$11,612-60.2%

$9,541-51.5%

403(B) THRIFT PLAN OF UNITED WAY OF GREATER NEW BEDFORD,INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF GREATER NEW BEDFORD,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