Retirement plan

UNITED WAY OF NORTHERN NEW JERSEY 401(K) PLAN

Name: UNITED WAY OF NORTHERN NEW JERSEY - UNITED WAY OF NORTHERN NEW JERSEY 401(K) PLAN (2023) Form 5500
Creator: UNITED WAY OF NORTHERN NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF NORTHERN NEW JERSEY 401(K) PLAN, UNITED WAY OF NORTHERN NEW JERSEY

UNITED WAY OF NORTHERN NEW JERSEYEIN 22-1487247Plan #002PY 2023

222 RIDGEDALE AVENUE FLOOR 3 - CEDAR KNOLLS, NJ 07927973-993-1160unitedwaynnj.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.3M

+19.8% from 2022

Total participants

+4.5% from 2022

Average account balance

$163,523

+16.3% from 2022

Annual return

18.34%

+34.37 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.05M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

173.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$587K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12619

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 codes2E2G2J2T3D

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.
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

1 tripped

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

$451K

$11552 / participant

Other / not subdivided$451K100.0%

% of EOY assets

3.993%

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

$163,523

$57,330+185.2%

$86,656+88.7%

$75,177+117.5%

Participation rate

97.4%

63.2%+34.2pp

71.7%+25.7pp

67.2%+30.2pp

Annual return

18.34%

2675.40%-2657.1pp

593.09%-574.8pp

160.75%-142.4pp

Employer contribution / active EE

$8,425

$2,316+263.7%

$3,025+178.5%

$2,671+215.4%

Participant deferral / active EE

$5,924

$3,320+78.4%

$4,439+33.5%

$4,126+43.6%

Admin fee / account holder

$6,530

$4,115+58.7%

$5,619+16.2%

$5,651+15.5%

UNITED WAY OF NORTHERN NEW JERSEY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF NORTHERN NEW JERSEY 401(K) 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