Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA

Name: UNITED WAY OF THE VIRGINIA PENINSULA - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE VIRGINIA PENINSULA (2020) Form 5500
Creator: UNITED WAY OF THE VIRGINIA PENINSULA
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 PENINSULA

UNITED WAY OF THE VIRGINIA PENINSULAEIN 54-0535602Plan #001PY 2020

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

Other plans on this EIN

1 filing

#002Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+34.2% from 2019

Total participants

-4.5% from 2019

Average account balance

$76,863

+47.6% from 2019

Annual return

28.99%

+9.15 pp from 2019

Benchmarks

See 102,105 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,105 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.25M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

172.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7900

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

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

$20K

$1564 / participant

Other / not subdivided$20K100.0%

% of EOY assets

1.323%

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

$76,863

$209,428-63.3%

$178,498-56.9%

$158,950-51.6%

Participation rate

92.3%

86.4%+6.0pp

81.9%+10.4pp

82.0%+10.3pp

Annual return

28.99%

188.78%-159.8pp

151.09%-122.1pp

302.91%-273.9pp

Employer contribution / active EE

$3,223

$5,707-43.5%

$5,011-35.7%

$4,762-32.3%

Participant deferral / active EE

$2,917

$5,955-51.0%

$5,202-43.9%

$5,983-51.2%

Admin fee / account holder

$1,017

$17,077-94.0%

$13,985-92.7%

$11,248-91.0%

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