Retirement plan

UWNCA 403(B) RETIREMENT PLAN

Name: UNITED WAY OF THE NATIONAL CAPITAL - UWNCA 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: UNITED WAY OF THE NATIONAL CAPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UWNCA 403(B) RETIREMENT PLAN, UNITED WAY OF THE NATIONAL CAPITAL

UNITED WAY OF THE NATIONAL CAPITALEIN 53-0234290Plan #002PY 2024

8614 WESTWOOD CENTER DR STE 300 - VIENNA, VA 221822233202-488-2000

Other plans on this EIN

1 filing

#003Retirement-$67K assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed March 9, 2023 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1015 15th Street, NW, Suite 1200

Washington, DC 20005

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

United Way of the National Capital Area 457(f) Plan1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$6.1M

+5.6% from 2023

Total participants

+86.8% from 2023

Average account balance

$89,361

-42.5% from 2023

Annual return

15.82%

+1.97 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

$6.08M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

194.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$391K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14831

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 codes2G2M2T3D2K2S

Plan features

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$1.0M

$28814 / participant

Other / not subdivided$1M100.0%

% of EOY assets

16.597%

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

$89,361

$58,275+53.3%

$81,844+9.2%

$80,935+10.4%

Participation rate

91.4%

63.5%+28.0pp

72.4%+19.0pp

67.7%+23.8pp

Annual return

15.82%

41.82%-26.0pp

778.87%-763.0pp

35.66%-19.8pp

Employer contribution / active EE

$7,269

$2,346+209.9%

$2,916+149.2%

$2,757+163.7%

Participant deferral / active EE

$3,912

$3,285+19.1%

$4,323-9.5%

$4,299-9.0%

Admin fee / account holder

$14,831

$4,749+212.3%

$7,355+101.6%

$6,924+114.2%

UWNCA 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UWNCA 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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