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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+17.1% from 2023

Total participants

-15.8% from 2023

Average account balance

$55,963

+40.8% from 2023

Annual return

18.67%

-6.21 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

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

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

$553K

$10433 / participant

Other / not subdivided$553K100.0%

% of EOY assets

11.762%

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

$55,963

$58,275-4.0%

$81,844-31.6%

$80,935-30.9%

Participation rate

98.1%

63.5%+34.6pp

72.4%+25.7pp

67.7%+30.5pp

Annual return

18.67%

41.82%-23.1pp

778.87%-760.2pp

35.66%-17.0pp

Employer contribution / active EE

$4,915

$2,346+109.5%

$2,916+68.5%

$2,757+78.3%

Participant deferral / active EE

$3,728

$3,285+13.5%

$4,323-13.8%

$4,299-13.3%

Admin fee / account holder

$6,583

$4,749+38.6%

$7,355-10.5%

$6,924-4.9%

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