Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE MID-SOUTH

Name: UNITED WAY OF THE MID-SOUTH - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE MID-SOUTH (2024) Form 5500
Creator: UNITED WAY OF THE MID-SOUTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE MID-SOUTH, UNITED WAY OF THE MID-SOUTH

UNITED WAY OF THE MID-SOUTHEIN 56-1010742Plan #001PY 2024

1005 TILLMAN ST - MEMPHIS, TN 381122038901-433-4300LinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$5.1M assets

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.8M

-5.7% from 2023

Total participants

107

+15.1% from 2023

Average account balance

$76,469

-14.1% from 2023

Annual return

12.16%

-1.67 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

$6.81M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

240.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$405K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18996

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 codes2G2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$1.7M

$45693 / participant

Other / not subdivided$2M100.0%

% of EOY assets

24.841%

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

$76,469

$58,275+31.2%

$81,844-6.6%

$80,935-5.5%

Participation rate

51.4%

63.5%-12.1pp

72.4%-21.0pp

67.7%-16.3pp

Annual return

12.16%

41.82%-29.7pp

778.87%-766.7pp

35.66%-23.5pp

Employer contribution / active EE

$10,940

$2,346+366.4%

$2,916+275.1%

$2,757+296.9%

Participant deferral / active EE

$3,285-100.0%

$4,323-100.0%

$4,299-100.0%

Admin fee / account holder

$18,996

$4,749+300.0%

$7,355+158.3%

$6,924+174.3%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE MID-SOUTH

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF THE MID-SOUTH

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