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 (2023) 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 2023

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

Prospect flagsHigh feesLow participationLow participant contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+19.6% from 2022

Total participants

131

+28.4% from 2022

Average account balance

$20,807

+8.8% from 2022

Annual return

31.23%

+46.66 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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 codes2G3D2J2E2T

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$363K

$3746 / participant

Other / not subdivided$363K100.0%

% of EOY assets

17.465%

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

$20,807

$77,908-73.3%

$149,696-86.1%

$75,173-72.3%

Participation rate

68.0%

65.6%+2.5pp

78.8%-10.7pp

67.2%+0.8pp

Annual return

31.23%

31.73%-0.5pp

134.46%-103.2pp

160.72%-129.5pp

Employer contribution / active EE

$1,137

$3,138-63.7%

$4,821-76.4%

$2,671-57.4%

Participant deferral / active EE

$512

$3,411-85.0%

$5,682-91.0%

$4,126-87.6%

Admin fee / account holder

$3,634

$5,950-38.9%

$13,212-72.5%

$5,651-35.7%

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