Retirement plan

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF GREATER KNOXVILLE, INC.

Name: UNITED WAY OF GREATER KNOXVILLE, INC. - EMPLOYEE BENEFIT PLAN OF UNITED WAY OF GREATER KNOXVILLE, INC. (2022) Form 5500
Creator: UNITED WAY OF GREATER KNOXVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF UNITED WAY OF GREATER KNOXVILLE, INC., UNITED WAY OF GREATER KNOXVILLE, INC.

UNITED WAY OF GREATER KNOXVILLE, INC.EIN 62-0475748Plan #002PY 2022

1301 HANNAH AVE - KNOXVILLE, TN 379216330865-523-9131uwgk.orgLinkedIn11-50 employeesfund-raising

Other plans on this EIN

2 filings

#001Retirement-$698K assets #003Retirement-$698K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+4.1% from 2021

Total participants

+40.5% from 2021

Average account balance

$29,240

-24.6% from 2021

Annual return

-12.33%

-12.33 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.54M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

165.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$568K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+47.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7851

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 codes2F2G2T3D

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.
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

$79K

$1832 / participant

Other / not subdivided$79K100.0%

% of EOY assets

4.644%

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

$29,240

$54,370-46.2%

$82,763-64.7%

$68,490-57.3%

Participation rate

97.7%

63.9%+33.7pp

72.6%+25.1pp

67.9%+29.8pp

Annual return

-12.33%

-13.67%+1.3pp

702.45%-714.8pp

-7.85%-4.5pp

Employer contribution / active EE

$5,179

$2,219+133.4%

$3,008+72.2%

$2,597+99.5%

Participant deferral / active EE

$2,875

$3,247-11.5%

$4,395-34.6%

$4,028-28.6%

Admin fee / account holder

$1,358

$4,398-69.1%

$5,325-74.5%

$5,403-74.9%

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF GREATER KNOXVILLE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF UNITED WAY OF GREATER KNOXVILLE, 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