Retirement plan

UNITED WAY OF THE MIDLANDS 401(K) PLAN

Name: UNITED WAY OF THE MIDLANDS - UNITED WAY OF THE MIDLANDS 401(K) PLAN (2024) Form 5500
Creator: UNITED WAY OF THE MIDLANDS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF THE MIDLANDS 401(K) PLAN, UNITED WAY OF THE MIDLANDS

UNITED WAY OF THE MIDLANDSEIN 47-0376605Plan #002PY 2024

1229 MILLWORK AVE, SUITE 402 - OMAHA, NE 68102402-830-1942unitedwaymidlands.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.3M

+20.3% from 2023

Total participants

215

+33.5% from 2023

Average account balance

$36,301

-5.4% from 2023

Annual return

16.89%

-0.79 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.28M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

173

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070	Contract Administrator	$6,029
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 SUITE 100 1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728	Recordkeeping	$2,500

Plan features & details

Pension benefit codes2A2E2J2F2G3D

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).
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.
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

$9K

$50 / participant

Contract admin$9K100.0%

% of EOY assets

0.137%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HBE LLP
Auditor EIN: 470677245
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,301

$60,261-39.8%

$81,783-55.6%

$74,546-51.3%

Participation rate

75.6%

62.9%+12.7pp

72.4%+3.2pp

67.2%+8.4pp

Annual return

16.89%

16.88%0pp

775.05%-758.2pp

1366.03%-1349.1pp

Employer contribution / active EE

$3,396

$2,622+29.5%

$2,913+16.6%

$2,624+29.4%

Participant deferral / active EE

$2,589

$3,388-23.6%

$4,320-40.1%

$4,347-40.5%

Admin fee / account holder

$50

$1,482-96.6%

$7,380-99.3%

$1,944-97.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

Contract Administrator

$6,029

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15

SUITE 100 1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728

Recordkeeping

$2,500

UNITED WAY OF THE MIDLANDS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF THE MIDLANDS 401(K) 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