Retirement plan

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY 403(B) RETIREMENT PLAN

Name: UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY - UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY 403(B) RETIREMENT PLAN, UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEYEIN 23-1556045Plan #002PY 2024

1800 JFK BOULEVARD, SUITE 1200 - PHILADELPHIA, PA 19103215-665-2488unitedforimpact.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$10.4M

-9.1% from 2023

Total participants

123

-13.4% from 2023

Average account balance

$84,455

+4.9% from 2023

Annual return

13.00%

-2.59 pp from 2023

Benchmarks

See 50,137 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,137 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.39M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

123

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

$499K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.6 years Filed as: VANGUARD FIDUCIARY TRUST COMPANY Service code 15 · EIN 23-1945930	Recordkeeping	$34,995

Plan features & details

Pension benefit codes2M2K2G

Plan features

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

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$35K

$1458 / participant

Recordkeeping$30K85.2%
Contract admin$5K14.3%
Other / not subdivided$1850.5%

% of EOY assets

0.337%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,455

$88,710-4.8%

$81,783+3.3%

$145,959-42.1%

Participation rate

100.0%

75.0%+25.0pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

13.00%

1027.26%-1014.3pp

775.05%-762.1pp

561.95%-549.0pp

Employer contribution / active EE

$6,990

$3,083+126.7%

$2,913+140.0%

$4,661+50.0%

Participant deferral / active EE

$13,804

$4,645+197.2%

$4,320+219.5%

$6,689+106.4%

Admin fee / account holder

$285

$8,407-96.6%

$7,380-96.1%

$13,398-97.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6 years

Filed as: VANGUARD FIDUCIARY TRUST COMPANY

Service code 15 · EIN 23-1945930

Recordkeeping

$34,995

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY 403(B) 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