Retirement plan

THE WESTERN UNION COMPANY INCENTIVE SAVINGS PLAN

Name: THE WESTERN UNION COMPANY - THE WESTERN UNION COMPANY INCENTIVE SAVINGS PLAN (2024) Form 5500
Creator: THE WESTERN UNION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WESTERN UNION COMPANY INCENTIVE SAVINGS PLAN, THE WESTERN UNION COMPANY

THE WESTERN UNION COMPANYEIN 20-4531180Plan #001PY 2024

7001 E. BELLEVIEW AVE., HQ-14 - DENVER, CO 80237720-332-0159westernunion.comLinkedIn5001-10000 employeesfinancial services

Prospect flagsLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed December 4, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$446.9M

-10.1% from 2016

Total participants

2,768

+1.1% from 2016

Average account balance

$162,927

-11.5% from 2016

Annual return

14.02%

-8.54 pp from 2016

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$446.91M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

2,743

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$143,501
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Filed as: INNOVEST PORTFOLIO SOLUTIONS L Service code 28 · EIN 84-1612955	Investment Management	$75,000
VANTAGE CONSULTING GROUP, INC.2 years Filed as: VANTAGE CONSULTING Service code 28 · EIN 54-1333680	Investment Management	$60,000
FISHER INVESTMENTS6 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$33,861
NORTHERN TRUST COMPANY2 years Service code 28 · EIN 36-1561860	Investment Management	$31,306
MOSS ADAMS LLP4 years Service code 10 · EIN 91-0189318	Accounting	$16,800
FINANCIAL ENGINES4 years Filed as: FINANCIAL ENGINES ADVISORS LLC Service code 26 · EIN 77-0473565	Advisory (Participants)	$12,881
LIFEPRO ASSET MANAGEMENT LLC5 years Service code 26 · EIN 81-3712834	Advisory (Participants)	$10,269
FLEXIBLE PLAN INVESTMENTS LTD7 years Service code 26 · EIN 38-2340348	Advisory (Participants)	$9,243
CHARLES SCHWAB & CO., INC.7 years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$1,751

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$404K

$295 / participant

Recordkeeping$152K37.6%
Investment mgmt$135K33.4%
Contract admin$100K24.8%
Other / not subdivided$17K4.2%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US,LLP
Auditor EIN: 301413443
Audit fees: $16,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,927

$122,128+33.4%

$147,117+10.7%

$200,096-18.6%

Participation rate

98.2%

78.2%+20.0pp

82.2%+16.0pp

72.0%+26.2pp

Annual return

14.02%

30.58%-16.6pp

420.54%-406.5pp

34.26%-20.2pp

Employer contribution / active EE

$607

$4,093-85.2%

$4,932-87.7%

$3,038-80.0%

Participant deferral / active EE

$13,578

$8,484+60.0%

$8,065+68.4%

$5,090+166.8%

Admin fee / account holder

$147

$180-17.9%

$12,993-98.9%

$269-45.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$143,501

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Filed as: INNOVEST PORTFOLIO SOLUTIONS L

Service code 28 · EIN 84-1612955

Investment Management

$75,000

VANTAGE CONSULTING GROUP, INC.2 years

Filed as: VANTAGE CONSULTING

Service code 28 · EIN 54-1333680

Investment Management

$60,000

FISHER INVESTMENTS6 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$33,861

NORTHERN TRUST COMPANY2 years

Service code 28 · EIN 36-1561860

Investment Management

$31,306

MOSS ADAMS LLP4 years

Service code 10 · EIN 91-0189318

Accounting

$16,800

FINANCIAL ENGINES4 years

Filed as: FINANCIAL ENGINES ADVISORS LLC

Service code 26 · EIN 77-0473565

Advisory (Participants)

$12,881

LIFEPRO ASSET MANAGEMENT LLC5 years

Service code 26 · EIN 81-3712834

Advisory (Participants)

$10,269

FLEXIBLE PLAN INVESTMENTS LTD7 years

Service code 26 · EIN 38-2340348

Advisory (Participants)

$9,243

CHARLES SCHWAB & CO., INC.7 years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$1,751

THE WESTERN UNION COMPANY INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WESTERN UNION COMPANY INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

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