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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$6.8M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$5.1M

+45.1% from 2023

Total participants

-15.4% from 2023

Average account balance

$122,129

+55.5% from 2023

Annual return

63.62%

+55.37 pp from 2023

Benchmarks

See 50,218 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,218 peers

Snapshot2024

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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

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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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$732K

$31840 / participant

Other / not subdivided$732K100.0%

% of EOY assets

14.277%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,129

$88,751+37.6%

$81,812+49.3%

$145,922-16.3%

Participation rate

91.3%

75.0%+16.3pp

72.3%+19.0pp

80.3%+11.0pp

Annual return

63.62%

1025.40%-961.8pp

773.79%-710.2pp

561.29%-497.7pp

Employer contribution / active EE

$3,083-100.0%

$2,912-100.0%

$4,660-100.0%

Participant deferral / active EE

$3,342

$4,643-28.0%

$4,319-22.6%

$6,688-50.0%

Admin fee / account holder

$17,436

$8,415+107.2%

$7,386+136.1%

$13,397+30.1%

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