Retirement plan

HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN

Name: HEART OF WEST MICHIGAN UNITED WAY - HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN (2016) Form 5500
Creator: HEART OF WEST MICHIGAN UNITED WAY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN, HEART OF WEST MICHIGAN UNITED WAY

HEART OF WEST MICHIGAN UNITED WAYEIN 38-1360923Plan #333PY 2016

118 COMMERCE AVE - GRAND RAPIDS, MI 49503616-752-8645hwmuw.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$3.7M

No prior year

Total participants

102

No prior year

Average account balance

$40,583

No prior year

Annual return

-0.62%

No prior year

Benchmarks

See 7,815 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,815 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.54M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

157.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$243K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7258

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$10,578
OPPENHEIMER1+ years Filed as: OPPENHEIMER & CO Service code 27 · EIN 13-5657518	Advisory (Plan)	$6,897

Plan features & details

Pension benefit codes2E2K2J2F2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$291 / participant

Investment mgmt$7K39.5%
Contract admin$11K60.5%

% of EOY assets

0.473%

all-in expense ratio

Categories reported

2 / 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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,583

$48,078-15.6%

$78,676-48.4%

$62,881-35.5%

Participation rate

81.7%

65.2%+16.5pp

73.6%+8.1pp

69.3%+12.4pp

Annual return

-0.62%

31.36%-32.0pp

62.19%-62.8pp

20.14%-20.8pp

Employer contribution / active EE

$2,146

$2,015+6.5%

$2,850-24.7%

$2,281-5.9%

Participant deferral / active EE

$2,828

$2,587+9.3%

$3,517-19.6%

$3,203-11.7%

Admin fee / account holder

$192

$3,206-94.0%

$4,510-95.7%

$4,296-95.5%

Provider

Service type

Compensation

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$10,578

OPPENHEIMER1+ years

Filed as: OPPENHEIMER & CO

Service code 27 · EIN 13-5657518

Advisory (Plan)

$6,897

HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN

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