Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA

Name: UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA - EMPLOYEE BENEFIT PLAN OF UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA (2020) Form 5500
Creator: UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA, UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA

UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIAEIN 24-0795389Plan #004PY 2020

425 ALDER ST UNIT 1 - SCRANTON, PA 185054116570-346-0759LinkedIn51-200 employeesinternet

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+1355.5% from 2019

Total participants

+18.3% from 2019

Average account balance

$16,290

+1018.5% from 2019

Annual return

1243.10%

+1243.10 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.47M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

113

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$220K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$933

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 codes2F2G2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$75K

$990 / participant

Other / not subdivided$75K100.0%

% of EOY assets

4.862%

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

$16,290

$91,198-82.1%

$178,503-90.9%

$79,856-79.6%

Participation rate

97.4%

69.2%+28.2pp

81.9%+15.4pp

69.6%+27.7pp

Annual return

1243.10%

24.20%+1218.9pp

151.12%+1092.0pp

31.71%+1211.4pp

Employer contribution / active EE

$1,891

$3,257-41.9%

$5,011-62.3%

$2,471-23.5%

Participant deferral / active EE

$663

$3,237-79.5%

$5,202-87.2%

$3,741-82.3%

Admin fee / account holder

$792

$6,748-88.3%

$13,987-94.3%

$5,306-85.1%

EMPLOYEE BENEFIT PLAN OF UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED NEIGHBORHOOD CENTERS OF NORTHEASTERN PENNSYLVANIA

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