Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF NORTHEAST FLORIDA, INC.

Name: UNITED WAY OF NORTHEAST FLORIDA, INC. - 403(B) THRIFT PLAN OF UNITED WAY OF NORTHEAST FLORIDA, INC. (2021) Form 5500
Creator: UNITED WAY OF NORTHEAST FLORIDA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF NORTHEAST FLORIDA, INC., UNITED WAY OF NORTHEAST FLORIDA, INC.

UNITED WAY OF NORTHEAST FLORIDA, INC.EIN 59-0637825Plan #002PY 2021

PO BOX 41428 - JACKSONVILLE, FL 322031428904-390-3200unitedwaynefl.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$3.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.5M

+10.0% from 2020

Total participants

-10.6% from 2020

Average account balance

$88,389

+8.5% from 2020

Annual return

16.90%

-1.07 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.67M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$359K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13571

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 codes2F2G2T

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).
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

1 tripped

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

$724K

$15739 / participant

Other / not subdivided$724K100.0%

% of EOY assets

11.220%

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

$88,389

$65,434+35.1%

$98,483-10.2%

$85,847+3.0%

Participation rate

93.5%

65.0%+28.5pp

73.3%+20.1pp

69.3%+24.2pp

Annual return

16.90%

21.75%-4.9pp

1494.38%-1477.5pp

318.61%-301.7pp

Employer contribution / active EE

$2,339

$2,169+7.9%

$2,961-21.0%

$2,565-8.8%

Participant deferral / active EE

$4,576

$3,168+44.5%

$4,276+7.0%

$3,952+15.8%

Admin fee / account holder

$9,918

$4,595+115.8%

$5,953+66.6%

$6,261+58.4%

403(B) THRIFT PLAN OF UNITED WAY OF NORTHEAST FLORIDA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF NORTHEAST FLORIDA, 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