Retirement plan

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

Name: UNITED COMMUNITY & FAMILY SERV - UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PLAN (2022) 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) PLAN, UNITED COMMUNITY & FAMILY SERV

UNITED COMMUNITY & FAMILY SERVEIN 06-0653142Plan #003PY 2022

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.3M

-17.5% from 2021

Total participants

659

+0.8% from 2021

Average account balance

$46,907

-17.7% from 2021

Annual return

-13.07%

-26.99 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 62 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Float revenue; Recordkeeping fees	$158,358
LPL FINANCIAL4 years Filed as: LPL FINANCIAL RP Service code 27 · EIN 04-3046611	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$158K

$377 / participant

Investment mgmt$129K81.2%
Contract admin$30K18.8%

% of EOY assets

0.580%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,907

$46,332+1.2%

$143,797-67.4%

$64,824-27.6%

Participation rate

81.7%

64.2%+17.4pp

80.3%+1.3pp

71.5%+10.2pp

Annual return

-13.07%

-10.05%-3.0pp

-0.04%-13.0pp

32.84%-45.9pp

Employer contribution / active EE

$2,635

$1,911+37.9%

$4,952-46.8%

$2,507+5.1%

Participant deferral / active EE

$2,309

$2,647-12.8%

$5,638-59.0%

$4,311-46.4%

Admin fee / account holder

$272

$154+76.9%

$14,679-98.1%

$188+44.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 62

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Float revenue; Recordkeeping fees

$158,358

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL RP

Service code 27 · EIN 04-3046611

Advisory (Plan)

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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