Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF UNITED WAY OF BEAUMONT AND NORTH JEFFERSON COUNTY

Name: UNITED WAY OF BEAUMONT AND NOR - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF UNITED WAY OF BEAUMONT AND NORTH JEFFERSON COUNTY (2023) Form 5500
Creator: UNITED WAY OF BEAUMONT AND NOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF UNITED WAY OF BEAUMONT AND NORTH JEFFERSON COUNTY, UNITED WAY OF BEAUMONT AND NOR

UNITED WAY OF BEAUMONT AND NOREIN 74-1200117Plan #004PY 2023

700 NORTH ST STE H - BEAUMONT, TX 777011834409-835-4575

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$558K

+20.7% from 2022

Total participants

+25.0% from 2022

Average account balance

$139,448

+20.7% from 2022

Annual return

18.08%

+36.01 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$615K

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50828

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 codes2G3D2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24

$8 / participant

Other / not subdivided$24100.0%

% of EOY assets

0.004%

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

$139,448

$96,643+44.3%

$86,617+61.0%

$139,4560%

Participation rate

66.7%

74.4%-7.7pp

71.7%-5.0pp

80.3%-13.7pp

Annual return

18.08%

106.57%-88.5pp

591.91%-573.8pp

373.45%-355.4pp

Employer contribution / active EE

$4,096

$3,264+25.5%

$3,023+35.5%

$4,753-13.8%

Participant deferral / active EE

$4,835-100.0%

$4,437-100.0%

$6,711-100.0%

Admin fee / account holder

$6,406-99.9%

$5,613-99.9%

$11,407-99.9%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF UNITED WAY OF BEAUMONT AND NORTH JEFFERSON COUNTY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF UNITED WAY OF BEAUMONT AND NORTH JEFFERSON COUNTY

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