Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA

Name: UNITED WAY OF THE VIRGINIA PENINSUL A - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA (2017) Form 5500
Creator: UNITED WAY OF THE VIRGINIA PENINSUL A
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA, UNITED WAY OF THE VIRGINIA PENINSUL A

UNITED WAY OF THE VIRGINIA PENINSUL AEIN 54-0535602Plan #001PY 2017

11820 FOUNTAIN WAY STE 206 - NEWPORT NEWS, VA 236064478757-873-9328

Other plans on this EIN

1 filing

#002Retirement-$1.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$811K

-19.1% from 2016

Total participants

+45.5% from 2016

Average account balance

$50,702

-49.4% from 2016

Annual return

7.75%

+3.81 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.21M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

141.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 codes2F2E2G2J

Plan features

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.

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

$379K

$31625 / participant

Other / not subdivided$379K100.0%

% of EOY assets

46.780%

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

$50,702

$99,011-48.8%

$86,582-41.4%

$147,586-65.6%

Participation rate

100.0%

76.3%+23.7pp

73.5%+26.5pp

82.8%+17.2pp

Annual return

7.75%

1312.75%-1305.0pp

965.08%-957.3pp

578.59%-570.8pp

Employer contribution / active EE

$3,494

$3,132+11.5%

$2,839+23.0%

$4,876-28.4%

Participant deferral / active EE

$2,719

$3,972-31.5%

$3,609-24.6%

$5,439-50.0%

Admin fee / account holder

$23,718

$5,709+315.5%

$4,904+383.6%

$10,886+117.9%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA

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