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 (2023) 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 2023

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)

$338K

+25.8% from 2022

Total participants

0.0% from 2022

Average account balance

$22,515

+34.2% from 2022

Annual return

15.99%

+36.86 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

$21K

$5151 / participant

Other / not subdivided$21K100.0%

% of EOY assets

6.101%

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

$22,515

$96,678-76.7%

$86,640-74.0%

$139,466-83.9%

Participation rate

75.0%

74.4%+0.6pp

71.7%+3.3pp

80.3%-5.3pp

Annual return

15.99%

106.69%-90.7pp

592.52%-576.5pp

373.66%-357.7pp

Employer contribution / active EE

$5,751

$3,265+76.1%

$3,024+90.2%

$4,754+21.0%

Participant deferral / active EE

$5,968

$4,837+23.4%

$4,438+34.5%

$6,712-11.1%

Admin fee / account holder

$1,374

$6,410-78.6%

$5,616-75.5%

$11,409-88.0%

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