Retirement plan

UNITED WAY OF GREATER CLEVELAND 403(B) RETIREMENT PLAN

Name: UNITED WAY OF GREATER CLEVELAND - UNITED WAY OF GREATER CLEVELAND 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: UNITED WAY OF GREATER CLEVELAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF GREATER CLEVELAND 403(B) RETIREMENT PLAN, UNITED WAY OF GREATER CLEVELAND

UNITED WAY OF GREATER CLEVELANDEIN 34-6516654Plan #003PY 2017

1331 EUCLID AVE. - CLEVELAND, OH 441151819216-436-2100unitedwaycleveland.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$8.7M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 26, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

1331 Euclid Avenue

Cleveland, OH 44115

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Plans declared (1)

United Way 457b Plan1 emp

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Total assets (EOY)

$7M

+7.8% from 2016

Total participants

225

+9.2% from 2016

Average account balance

$37,123

-2.5% from 2016

Annual return

14.18%

+7.90 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.44M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

145

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$784K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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

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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 codes2A2G2L3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$8K

$51 / participant

Contract admin$8K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MEADEN & MOORE, LTD
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,123

$50,637-26.7%

$86,582-57.1%

$62,293-40.4%

Participation rate

74.8%

67.9%+6.9pp

73.5%+1.3pp

69.5%+5.3pp

Annual return

14.18%

20.80%-6.6pp

965.08%-950.9pp

28.90%-14.7pp

Employer contribution / active EE

$2,288

$2,075+10.3%

$2,839-19.4%

$2,042+12.0%

Participant deferral / active EE

$2,033

$2,611-22.1%

$3,609-43.7%

$3,169-35.9%

Admin fee / account holder

$40

$413-90.3%

$4,904-99.2%

$479-91.6%

UNITED WAY OF GREATER CLEVELAND 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF GREATER CLEVELAND 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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