Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF THE DUTCHESS-ORANGE REGION, INC.

Name: UNITED WAY OF THE DUTCHESS-ORA - 403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF THE DUTCHESS-ORANGE REGION, INC. (2022) Form 5500
Creator: UNITED WAY OF THE DUTCHESS-ORA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF THE DUTCHESS-ORANGE REGION, INC., UNITED WAY OF THE DUTCHESS-ORA

UNITED WAY OF THE DUTCHESS-ORAEIN 06-1045698Plan #004PY 2022

75 MARKET ST - POUGHKEEPSIE, NY 126014015845-457-4774

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$996K

-35.8% from 2021

Total participants

-42.3% from 2021

Average account balance

$66,414

+11.3% from 2021

Annual return

37.36%

+23.62 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$12K

$1211 / participant

Other / not subdivided$12K100.0%

% of EOY assets

1.215%

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

$66,414

$92,766-28.4%

$82,763-19.8%

$134,545-50.6%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

37.36%

946.97%-909.6pp

702.45%-665.1pp

418.37%-381.0pp

Employer contribution / active EE

$5,221

$3,273+59.5%

$3,008+73.5%

$4,742+10.1%

Participant deferral / active EE

$2,145

$4,802-55.3%

$4,395-51.2%

$6,401-66.5%

Admin fee / account holder

$807

$5,978-86.5%

$5,325-84.8%

$11,431-92.9%

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF THE DUTCHESS-ORANGE REGION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF THE DUTCHESS-ORANGE REGION, 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