Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF SOUTHEASTERN CONNECTICUT

Name: UNITED WAY OF SOUTHEASTERN CONNECTICUT - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF SOUTHEASTERN CONNECTICUT (2016) Form 5500
Creator: UNITED WAY OF SOUTHEASTERN CONNECTICUT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF SOUTHEASTERN CONNECTICUT, UNITED WAY OF SOUTHEASTERN CONNECTICUT

UNITED WAY OF SOUTHEASTERN CONNECTICUTEIN 06-0771393Plan #001PY 2016

PO BOX 375 - GALES FERRY, CT 06335860-464-7281uwsect.orgLinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$1.2M assets

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+14.0% from 2015

Total participants

-6.7% from 2015

Average account balance

$46,654

+22.4% from 2015

Annual return

7.30%

+7.85 pp from 2015

Benchmarks

See 228 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants<25

Cohort228 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2C2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$24K

$1330 / participant

Other / not subdivided$24K100.0%

% of EOY assets

1.901%

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

$46,654

$78,988-40.9%

$273,968-83.0%

Participation rate

94.4%

74.5%+20.0pp

83.0%+11.4pp

Annual return

7.30%

18.48%-11.2pp

41.45%-34.2pp

Employer contribution / active EE

$5,400

$4,066+32.8%

$4,869+10.9%

Participant deferral / active EE

$3,397-100.0%

$5,287-100.0%

Admin fee / account holder

$887

$13,270-93.3%

$10,132-91.2%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF SOUTHEASTERN CONNECTICUT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF SOUTHEASTERN CONNECTICUT

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