Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC.

Name: UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC. - 403(B) THRIFT PLAN OF UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC. (2019) Form 5500
Creator: UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC., UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC.

UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC.EIN 15-0532074Plan #006PY 2019

201 LAFAYETTE ST STE 201 - UTICA, NY 135024311315-733-4691unitedwaymv.orgLinkedIn11-50 employeesfund-raising

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$512K

+31.7% from 2018

Total participants

-5.3% from 2018

Average account balance

$28,436

+39.0% from 2018

Annual return

22.91%

+23.16 pp from 2018

Benchmarks

See 104,301 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,301 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$203K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

187.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24110

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$24K

$2434 / participant

Other / not subdivided$24K100.0%

% of EOY assets

4.756%

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

$28,436

$202,342-85.9%

$172,753-83.5%

$152,909-81.4%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

22.91%

1029.88%-1007.0pp

803.00%-780.1pp

345.46%-322.6pp

Employer contribution / active EE

$2,951

$5,857-49.6%

$5,144-42.6%

$4,764-38.0%

Participant deferral / active EE

$2,885

$5,948-51.5%

$5,198-44.5%

$5,851-50.7%

Admin fee / account holder

$1,352

$17,112-92.1%

$13,956-90.3%

$11,601-88.3%

403(B) THRIFT PLAN OF UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF THE VALLEY AND GREATER UTICA AREA, 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