Retirement plan

UNION VOLUNTEER EMERGENCY SQUAD, INC. EMPLOYEE SAVINGS PLAN

Name: UNION VOLUNTEER EMERGENCY SQUAD, INC. - UNION VOLUNTEER EMERGENCY SQUAD, INC. EMPLOYEE SAVINGS PLAN (2019) Form 5500
Creator: UNION VOLUNTEER EMERGENCY SQUAD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION VOLUNTEER EMERGENCY SQUAD, INC. EMPLOYEE SAVINGS PLAN, UNION VOLUNTEER EMERGENCY SQUAD, INC.

UNION VOLUNTEER EMERGENCY SQUAD, INC.EIN 16-1004252Plan #001PY 2019

8 S. AVENUE B - ENDWELL, NY 137605714607-754-3414unionems.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$949K

+33.4% from 2018

Total participants

+12.1% from 2018

Average account balance

$28,771

+25.3% from 2018

Annual return

20.81%

+27.42 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.26M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$263K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1988

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 codes2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$28K

$498 / participant

Other / not subdivided$28K100.0%

% of EOY assets

2.991%

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

$28,771

$85,171-66.2%

$172,753-83.3%

$72,976-60.6%

Participation rate

43.9%

70.1%-26.2pp

82.6%-38.8pp

69.5%-25.6pp

Annual return

20.81%

27.32%-6.5pp

803.00%-782.2pp

81.02%-60.2pp

Employer contribution / active EE

$798

$3,324-76.0%

$5,144-84.5%

$2,440-67.3%

Participant deferral / active EE

$1,158

$3,260-64.5%

$5,198-77.7%

$3,608-67.9%

Admin fee / account holder

$860

$5,880-85.4%

$13,956-93.8%

$5,124-83.2%

UNION VOLUNTEER EMERGENCY SQUAD, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION VOLUNTEER EMERGENCY SQUAD, INC. EMPLOYEE SAVINGS 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