Retirement plan

UNITED WAY OF SOUTH HAMPTON ROADS EMPLOYEE THRIFT AND RETIREMENT PLAN

Name: UNITED WAY OF SOUTH HAMPTON ROADS - UNITED WAY OF SOUTH HAMPTON ROADS EMPLOYEE THRIFT AND RETIREMENT PLAN (2021) Form 5500
Creator: UNITED WAY OF SOUTH HAMPTON ROADS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WAY OF SOUTH HAMPTON ROADS EMPLOYEE THRIFT AND RETIREMENT PLAN, UNITED WAY OF SOUTH HAMPTON ROADS

UNITED WAY OF SOUTH HAMPTON ROADSEIN 54-0506322Plan #002PY 2021

2515 WALMER AVENUE - NORFOLK, VA 23513757-853-8500unitedwayshr.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.6M

-6.1% from 2020

Total participants

+14.9% from 2020

Average account balance

$69,711

-16.7% from 2020

Annual return

9.22%

-2.80 pp from 2020

Benchmarks

See 8,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,919 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2M2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$34544 / participant

Other / not subdivided$1M100.0%

% of EOY assets

21.679%

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

$69,711

$65,440+6.5%

$98,506-29.2%

$85,851-18.8%

Participation rate

85.7%

65.0%+20.7pp

73.3%+12.4pp

69.3%+16.4pp

Annual return

9.22%

21.75%-12.5pp

1494.92%-1485.7pp

318.63%-309.4pp

Employer contribution / active EE

$4,226

$2,169+94.8%

$2,961+42.7%

$2,565+64.7%

Participant deferral / active EE

$3,243

$3,168+2.4%

$4,277-24.2%

$3,952-17.9%

Admin fee / account holder

$15,113

$4,596+228.9%

$5,955+153.8%

$6,261+141.4%

UNITED WAY OF SOUTH HAMPTON ROADS EMPLOYEE THRIFT AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WAY OF SOUTH HAMPTON ROADS EMPLOYEE THRIFT 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