Retirement plan

403(B) THRIFT PLAN OF UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC.

Name: UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC. - 403(B) THRIFT PLAN OF UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC. (2019) Form 5500
Creator: UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC., UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC.

UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC.EIN 59-1099774Plan #003PY 2019

3747 W INTERNATIONAL SPEEDWAY BLVD - DAYTONA BEACH, FL 321241071386-253-0563

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$676K

-4.5% from 2018

Total participants

+3.6% from 2018

Average account balance

$24,146

-4.5% from 2018

Annual return

9.03%

+8.34 pp from 2018

Benchmarks

See 35,105 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,105 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

152.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$922

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$154K

$10274 / participant

Other / not subdivided$154K100.0%

% of EOY assets

22.793%

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

$24,146

$103,038-76.6%

$90,324-73.3%

$152,909-84.2%

Participation rate

93.3%

75.9%+17.5pp

73.3%+20.1pp

82.5%+10.9pp

Annual return

9.03%

95.25%-86.2pp

78.15%-69.1pp

345.46%-336.4pp

Employer contribution / active EE

$2,474

$3,141-21.2%

$2,856-13.4%

$4,764-48.1%

Participant deferral / active EE

$1,400

$4,282-67.3%

$3,885-64.0%

$5,851-76.1%

Admin fee / account holder

$5,504

$6,177-10.9%

$5,356+2.8%

$11,601-52.6%

403(B) THRIFT PLAN OF UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF UNITED WAY OF VOLUSIA-FLAGLER COUNTIES, 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