Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF MID-HUDSON VALLEY, INC.

Name: UNITED WAY OF MID-HUDSON VALLEY, IN C. - 403(B) THRIFT PLAN OF UNITED WAY OF MID-HUDSON VALLEY, INC. (2016) Form 5500
Creator: UNITED WAY OF MID-HUDSON VALLEY, IN C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF MID-HUDSON VALLEY, INC., UNITED WAY OF MID-HUDSON VALLEY, IN C.

UNITED WAY OF MID-HUDSON VALLEY, IN C.EIN 06-1045698Plan #004PY 2016

75 MARKET ST - POUGHKEEPSIE, NY 12601845-457-4774

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+3.0% from 2015

Total participants

-6.7% from 2015

Average account balance

$40,260

+23.6% from 2015

Annual return

5.92%

-2.27 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$961K

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

600.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2512

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 codes2L2G

Plan features

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

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

$125K

$10389 / participant

Other / not subdivided$125K100.0%

% of EOY assets

12.386%

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

$40,260

$90,486-55.5%

$78,676-48.8%

$273,972-85.3%

Participation rate

75.0%

76.5%-1.5pp

73.6%+1.4pp

83.0%-8.0pp

Annual return

5.92%

75.62%-69.7pp

62.19%-56.3pp

41.46%-35.5pp

Employer contribution / active EE

$4,913

$3,175+54.7%

$2,850+72.4%

$4,869+0.9%

Participant deferral / active EE

$3,087

$3,901-20.9%

$3,517-12.2%

$5,287-41.6%

Admin fee / account holder

$4,987

$5,263-5.3%

$4,510+10.6%

$10,133-50.8%

403(B) THRIFT PLAN OF UNITED WAY OF MID-HUDSON VALLEY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF MID-HUDSON VALLEY, 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