Retirement plan

UNITED WAY OF CONNECTICUT, INC. 401(K) RETIREMENT PLAN

Name: UNITED WAY OF CONNECTICUT INC. - UNITED WAY OF CONNECTICUT, INC. 401(K) RETIREMENT PLAN (2015) Form 5500
Creator: UNITED WAY OF CONNECTICUT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF CONNECTICUT, INC. 401(K) RETIREMENT PLAN, UNITED WAY OF CONNECTICUT INC.

UNITED WAY OF CONNECTICUT INC.EIN 06-1084194Plan #002PY 2015

1344 SILAS DEANE HIGHWAY - ROCKY HILL, CT 06067860-571-7541ctunitedway.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$9.6M

No prior year

Total participants

294

No prior year

Average account balance

$34,268

No prior year

Annual return

0.32%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.70M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

448

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 15 · EIN 62-1868111	Recordkeeping	$0
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$12K

$64 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.129%

all-in expense ratio

Categories reported

0 / 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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,268

$41,854-18.1%

$73,836-53.6%

$52,331-34.5%

Participation rate

93.3%

66.2%+27.1pp

73.4%+19.9pp

68.1%+25.2pp

Annual return

0.32%

2.11%-1.8pp

2268.06%-2267.7pp

4.54%-4.2pp

Employer contribution / active EE

$2,914

$1,920+51.8%

$2,787+4.6%

$1,882+54.9%

Participant deferral / active EE

$1,040

$2,498-58.4%

$3,583-71.0%

$3,022-65.6%

Admin fee / account holder

$44

$493-91.0%

$4,882-99.1%

$592-92.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 15 · EIN 62-1868111

Recordkeeping

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

UNITED WAY OF CONNECTICUT, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF CONNECTICUT, INC. 401(K) RETIREMENT 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