Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY ASSOCIATION OF SOUTH CAROLINA, INC.

Name: UNITED WAY ASSOCIATION OF SOUTH CAR OLINA, INC. - EMPLOYEE BENEFIT PLAN OF UNITED WAY ASSOCIATION OF SOUTH CAROLINA, INC. (2016) Form 5500
Creator: UNITED WAY ASSOCIATION OF SOUTH CAR OLINA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY ASSOCIATION OF SOUTH CAROLINA, INC., UNITED WAY ASSOCIATION OF SOUTH CAR OLINA, INC.

UNITED WAY ASSOCIATION OF SOUTH CAR OLINA, INC.EIN 57-0515275Plan #002PY 2016

400 ARBOR LAKE DR STE B500 - COLUMBIA, SC 29223803-929-1000uwasc.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow assets / participantLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

No prior year

Total participants

178

No prior year

Average account balance

$6,799

No prior year

Annual return

11.78%

No prior year

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-90.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2T3D

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).
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

4 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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$69K

$456 / participant

Other / not subdivided$69K100.0%

% of EOY assets

5.764%

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

$6,799

$43,423-84.3%

$78,676-91.4%

$55,167-87.7%

Participation rate

99.3%

68.0%+31.3pp

73.6%+25.8pp

69.0%+30.4pp

Annual return

11.78%

11.53%+0.3pp

62.19%-50.4pp

169.23%-157.5pp

Employer contribution / active EE

$2,009

$1,997+0.6%

$2,850-29.5%

$1,963+2.4%

Participant deferral / active EE

$523

$2,509-79.2%

$3,517-85.1%

$3,054-82.9%

Admin fee / account holder

$392

$416-5.8%

$4,510-91.3%

$504-22.2%

EMPLOYEE BENEFIT PLAN OF UNITED WAY ASSOCIATION OF SOUTH CAROLINA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY ASSOCIATION OF SOUTH CAROLINA, INC.

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