Retirement plan

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

Name: UNITED WAY OF CENTRAL FLORIDA, INC - 403(B) THRIFT PLAN OF UNITED WAY OF CENTRAL FLORIDA INC. (2024) Form 5500
Creator: UNITED WAY OF CENTRAL FLORIDA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF UNITED WAY OF CENTRAL FLORIDA INC., UNITED WAY OF CENTRAL FLORIDA, INC

UNITED WAY OF CENTRAL FLORIDA, INCEIN 59-2116280Plan #003PY 2024

PO BOX 1357 - HIGHLANDS CITY, FL 33846863-648-1500uwcf.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-20.6% from 2023

Total participants

+16.0% from 2023

Average account balance

$40,013

-37.1% from 2023

Annual return

10.26%

-3.24 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

123.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$343K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22502

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 codes2F2G2L2M2S2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$1.2M

$27736 / participant

Other / not subdivided$1M100.0%

% of EOY assets

56.238%

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

$40,013

$81,331-50.8%

$155,534-74.3%

$80,935-50.6%

Participation rate

88.4%

66.3%+22.1pp

78.2%+10.2pp

67.7%+20.7pp

Annual return

10.26%

33.37%-23.1pp

64.92%-54.7pp

35.66%-25.4pp

Employer contribution / active EE

$4,692

$3,105+51.1%

$4,675+0.4%

$2,757+70.2%

Participant deferral / active EE

$3,282

$3,454-5.0%

$5,630-41.7%

$4,299-23.7%

Admin fee / account holder

$22,502

$7,999+181.3%

$15,900+41.5%

$6,924+225.0%

403(B) THRIFT PLAN OF UNITED WAY OF CENTRAL 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 CENTRAL 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