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 (2021) 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 2021

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

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

+24.3% from 2020

Total participants

105

+8.2% from 2020

Average account balance

$21,138

+29.8% from 2020

Annual return

16.51%

-1226.59 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

$48K

$640 / participant

Other / not subdivided$48K100.0%

% of EOY assets

2.497%

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

$21,138

$95,406-77.8%

$185,849-88.6%

$85,847-75.4%

Participation rate

81.3%

68.8%+12.6pp

81.7%-0.4pp

69.3%+12.0pp

Annual return

16.51%

23.59%-7.1pp

122.10%-105.6pp

318.61%-302.1pp

Employer contribution / active EE

$1,594

$3,314-51.9%

$5,169-69.2%

$2,565-37.9%

Participant deferral / active EE

$643

$3,424-81.2%

$5,569-88.4%

$3,952-83.7%

Admin fee / account holder

$528

$7,214-92.7%

$16,244-96.8%

$6,261-91.6%

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