Retirement plan

403(B)THRIFT PLAN FOR EMPLOYEE OF UNITED WAY OF DELAWARE

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

UNITED WAY OF DELAWAREdba UWDELAWAREEIN 51-0073399Plan #002PY 2024

625 N ORANGE ST FL 3 - WILMINGTON, DE 198012250302-573-3705

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+6.3% from 2023

Total participants

134

-0.7% from 2023

Average account balance

$48,885

+12.4% from 2023

Annual return

12.82%

+0.27 pp from 2023

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.16M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

79.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12054

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 codes2F2G2T3D

Plan features

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$397K

$4138 / participant

Other / not subdivided$397K100.0%

% of EOY assets

11.778%

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

$48,885

$58,275-16.1%

$81,844-40.3%

$80,935-39.6%

Participation rate

32.3%

63.5%-31.2pp

72.4%-40.1pp

67.7%-35.4pp

Annual return

12.82%

41.82%-29.0pp

778.87%-766.0pp

35.66%-22.8pp

Employer contribution / active EE

$411

$2,346-82.5%

$2,916-85.9%

$2,757-85.1%

Participant deferral / active EE

$1,550

$3,285-52.8%

$4,323-64.2%

$4,299-64.0%

Admin fee / account holder

$5,758

$4,749+21.3%

$7,355-21.7%

$6,924-16.8%

403(B)THRIFT PLAN FOR EMPLOYEE OF UNITED WAY OF DELAWARE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B)THRIFT PLAN FOR EMPLOYEE OF UNITED WAY OF DELAWARE

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