Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF MCLEAN COUNTY

Name: UNITED WAY OF MCLEAN COUNTY - 403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF MCLEAN COUNTY (2024) Form 5500
Creator: UNITED WAY OF MCLEAN COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF MCLEAN COUNTY, UNITED WAY OF MCLEAN COUNTY

UNITED WAY OF MCLEAN COUNTYEIN 37-0661505Plan #003PY 2024

P.O. BOX 1348 - BLOOMINGTON, IL 61502309-828-7383uwaymc.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$619K

+83.4% from 2023

Total participants

0.0% from 2023

Average account balance

$41,286

+83.4% from 2023

Annual return

98.48%

+82.50 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$619K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

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.

375.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+98.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5816

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 codes2G3D2J2E

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$21810 / participant

Other / not subdivided$87K100.0%

% of EOY assets

14.087%

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

$41,286

$88,815-53.5%

$81,882-49.6%

$145,897-71.7%

Participation rate

75.0%

75.1%-0.1pp

72.4%+2.6pp

80.3%-5.3pp

Annual return

98.48%

1033.75%-935.3pp

779.47%-681.0pp

552.29%-453.8pp

Employer contribution / active EE

$4,841

$3,086+56.8%

$2,916+66.0%

$4,663+3.8%

Participant deferral / active EE

$4,174

$4,647-10.2%

$4,323-3.5%

$6,689-37.6%

Admin fee / account holder

$5,816

$8,434-31.0%

$7,360-21.0%

$13,390-56.6%

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF MCLEAN COUNTY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF UNITED WAY OF MCLEAN COUNTY

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