Retirement plan

TAX DEFERRED ANNUITY PLAN OF THE UNITED WAY OF THE MID-SOUTH

Name: UNITED WAY OF THE MID-SOUTH - TAX DEFERRED ANNUITY PLAN OF THE UNITED WAY OF THE MID-SOUTH (2023) Form 5500
Creator: UNITED WAY OF THE MID-SOUTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF THE UNITED WAY OF THE MID-SOUTH, UNITED WAY OF THE MID-SOUTH

UNITED WAY OF THE MID-SOUTHEIN 56-1010742Plan #002PY 2023

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

Other plans on this EIN

1 filing

#001Retirement-$7.2M assets

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3.5M

-2.7% from 2022

Total participants

+8.3% from 2022

Average account balance

$78,565

+1.7% from 2022

Annual return

8.25%

+11.32 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.08M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

156.0%

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

$2K

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16761

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 codes2G3D2J

Plan features

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.
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

3 tripped

OpportunityLow employer contribution
Employer 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$495K

$19788 / participant

Other / not subdivided$495K100.0%

% of EOY assets

13.993%

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

$78,565

$57,305+37.1%

$86,640-9.3%

$75,173+4.5%

Participation rate

72.0%

63.2%+8.8pp

71.7%+0.3pp

67.2%+4.8pp

Annual return

8.25%

2674.24%-2666.0pp

592.52%-584.3pp

160.72%-152.5pp

Employer contribution / active EE

$2,316-100.0%

$3,024-100.0%

$2,671-100.0%

Participant deferral / active EE

$3,915

$3,320+17.9%

$4,438-11.8%

$4,126-5.1%

Admin fee / account holder

$10,993

$4,116+167.1%

$5,616+95.8%

$5,651+94.6%

TAX DEFERRED ANNUITY PLAN OF THE UNITED WAY OF THE MID-SOUTH

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF THE 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