Retirement plan

UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PL

Name: UNITED COMMUNITY & FAMILY SERV - UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PL (2016) Form 5500
Creator: UNITED COMMUNITY & FAMILY SERV
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PL, UNITED COMMUNITY & FAMILY SERV

UNITED COMMUNITY & FAMILY SERVEIN 06-0653142Plan #003PY 2016

34 EAST TOWN STREET - NORWICH, CT 06360860-889-2375

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14M

+16.3% from 2015

Total participants

545

+5.8% from 2015

Average account balance

$30,255

+9.5% from 2015

Annual return

10.10%

+12.37 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.79M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

589

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.

82.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$34,709
LPL FINANCIAL1 year Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$30,958
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
LPL FINANCIAL1 year Filed as: WINTHROP WEALTH MANAGEMENT LPL FINA Service code 27 115 NEWBURY STREET SUITE 302 · BOSTON, MA 02116	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$35K

$84 / participant

Investment mgmt$31K89.9%
Contract admin$4K10.1%

% of EOY assets

0.248%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,255

$36,916-18.0%

$156,551-80.7%

$57,658-47.5%

Participation rate

79.8%

63.4%+16.4pp

84.0%-4.2pp

70.2%+9.6pp

Annual return

10.10%

12.38%-2.3pp

32.23%-22.1pp

5.13%+5.0pp

Employer contribution / active EE

$2,879

$1,571+83.3%

$5,501-47.7%

$1,974+45.9%

Participant deferral / active EE

$1,626

$1,926-15.6%

$4,871-66.6%

$3,061-46.9%

Admin fee / account holder

$75

$82-8.9%

$13,028-99.4%

$95-20.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$34,709

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$30,958

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

LPL FINANCIAL1 year

Filed as: WINTHROP WEALTH MANAGEMENT LPL FINA

Service code 27

115 NEWBURY STREET SUITE 302 · BOSTON, MA 02116

Advisory (Plan)

UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PL

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