Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF ANDERSON COUNTY

Name: UNITED WAY OF ANDERSON COUNTY - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF ANDERSON COUNTY (2016) Form 5500
Creator: UNITED WAY OF ANDERSON COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF ANDERSON COUNTY, UNITED WAY OF ANDERSON COUNTY

UNITED WAY OF ANDERSON COUNTYEIN 57-0510602Plan #003PY 2016

PO BOX 2067 - ANDERSON, SC 29622864-226-3438

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$665K

+5.4% from 2015

Total participants

+15.8% from 2015

Average account balance

$36,917

+11.3% from 2015

Annual return

4.38%

+4.30 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$706K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9030

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 codes2E2J2F2G

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

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

$25K

$1790 / participant

Other / not subdivided$25K100.0%

% of EOY assets

3.770%

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

$36,917

$90,486-59.2%

$78,676-53.1%

$273,972-86.5%

Participation rate

71.4%

76.5%-5.1pp

73.6%-2.1pp

83.0%-11.6pp

Annual return

4.38%

75.62%-71.2pp

62.19%-57.8pp

41.46%-37.1pp

Employer contribution / active EE

$1,764

$3,175-44.4%

$2,850-38.1%

$4,869-63.8%

Participant deferral / active EE

$464

$3,901-88.1%

$3,517-86.8%

$5,287-91.2%

Admin fee / account holder

$1,392

$5,263-73.6%

$4,510-69.1%

$10,133-86.3%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF ANDERSON COUNTY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF ANDERSON COUNTY

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