Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF PALM BEACH COUNTY, INC.

Name: UNITED WAY OF PALM BEACH COUNTY,INC - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF PALM BEACH COUNTY, INC. (2023) Form 5500
Creator: UNITED WAY OF PALM BEACH COUNTY,INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF PALM BEACH COUNTY, INC., UNITED WAY OF PALM BEACH COUNTY,INC

UNITED WAY OF PALM BEACH COUNTY,INCEIN 59-0683258Plan #001PY 2023

477 S. ROSEMARY AVENUE, SUITE 230 - WEST PALM BEACH, FL 33401561-375-6619unitedwaypbc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.2M

-7.0% from 2022

Total participants

-9.8% from 2022

Average account balance

$57,802

-10.8% from 2022

Annual return

14.46%

+30.71 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.95M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

189.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$407K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3186

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

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

$1.3M

$35507 / participant

Other / not subdivided$1M100.0%

% of EOY assets

31.135%

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

$57,802

$77,908-25.8%

$149,696-61.4%

$75,173-23.1%

Participation rate

97.3%

65.6%+31.7pp

78.8%+18.5pp

67.2%+30.1pp

Annual return

14.46%

31.73%-17.3pp

134.46%-120.0pp

160.72%-146.3pp

Employer contribution / active EE

$3,533

$3,138+12.6%

$4,821-26.7%

$2,671+32.3%

Participant deferral / active EE

$5,167

$3,411+51.5%

$5,682-9.1%

$4,126+25.2%

Admin fee / account holder

$17,997

$5,950+202.5%

$13,212+36.2%

$5,651+218.5%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF PALM BEACH COUNTY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF PALM BEACH COUNTY, 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