Retirement plan

UNITED WAY OF NORTHERN NEW YORK INC RETIREMENT PLAN

Name: UNITED WAY OF NORTHERN NEW YORK INC - UNITED WAY OF NORTHERN NEW YORK INC RETIREMENT PLAN (2020) Form 5500
Creator: UNITED WAY OF NORTHERN NEW YORK INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF NORTHERN NEW YORK INC RETIREMENT PLAN, UNITED WAY OF NORTHERN NEW YORK INC

UNITED WAY OF NORTHERN NEW YORK INCEIN 15-0543356Plan #001PY 2020

200 WASHINGTON STREET SUITE 402 A - WATERTOWN, NY 13601315-788-5631LinkedIn1-10 employeeseducation management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$135K

-15.6% from 2019

Total participants

0.0% from 2019

Average account balance

$33,791

-36.7% from 2019

Annual return

8.17%

-5.05 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4627

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 codes2E2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$58K

$11587 / participant

Other / not subdivided$58K100.0%

% of EOY assets

42.862%

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

$33,791

$100,911-66.5%

$90,440-62.6%

$158,966-78.7%

Participation rate

60.0%

75.0%-15.0pp

72.7%-12.7pp

82.0%-22.0pp

Annual return

8.17%

1726.62%-1718.5pp

1294.38%-1286.2pp

302.95%-294.8pp

Employer contribution / active EE

$1,920

$3,690-48.0%

$3,263-41.2%

$4,762-59.7%

Participant deferral / active EE

$1,790

$4,348-58.8%

$3,964-54.8%

$5,983-70.1%

Admin fee / account holder

$14,484

$6,507+122.6%

$5,615+158.0%

$11,250+28.7%

UNITED WAY OF NORTHERN NEW YORK INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF NORTHERN NEW YORK INC 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