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403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC. 401k Plan overview

Plan Name403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.
Plan identification number 002

403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.

401k Sponsoring company profile

UNITED WAY OF METROPOLITAN NASHVILLE, INC. has sponsored the creation of one or more 401k plans.

Company Name:UNITED WAY OF METROPOLITAN NASHVILLE, INC.
Employer identification number (EIN):620533104
NAIC Classification:624200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01SUMMOR PENNINGTON2023-09-13
0022021-01-01SUMMOR PENNINGTON2022-08-09
0022020-01-01SUMMOR PENNINGTON2021-07-26
0022020-01-01
0022019-01-01SUMMOR PENNINGTON2020-07-28
0022018-01-01SUMMOR PENNINGTON2019-07-30
0022017-01-01MARY JO WIGGINS2018-07-26 MARY JO WIGGINS2018-07-26
0022016-01-01MARY JO WIGGINS2017-07-25 MARY JO WIGGINS2017-07-25
0022015-01-01MARY JO WIGGINS2016-08-01 MARY JO WIGGINS2016-08-01
0022014-01-01MARY JO WIGGINS2015-07-28 MARY JO WIGGINS2015-07-28
0022013-01-01MARY JO WIGGINS2014-07-31 MARY JO WIGGINS2014-07-31
0022012-01-01MARY JO WIGGINS2013-10-02 MARY JO WIGGINS2013-10-02
0022011-01-01MARY JO WIGGINS2012-07-30 MARY JO WIGGINS2012-07-30
0022010-01-01MARY JO WIGGINS2011-10-14

Plan Statistics for 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.

401k plan membership statisitcs for 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.

Measure Date Value
2020: 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC. 2020 401k membership
Total participants, beginning-of-year2020-01-01101
Total number of active participants reported on line 7a of the Form 55002020-01-0162
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0136
Total of all active and inactive participants2020-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0198
Number of participants with account balances2020-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012

Financial Data on 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.

Measure Date Value
2020 : 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC. 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,232,841
Total of all expenses incurred2020-12-31$746,966
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$746,128
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$737,196
Value of total assets at end of year2020-12-31$4,214,263
Value of total assets at beginning of year2020-12-31$3,728,388
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$838
Total interest from all sources2020-12-31$6,989
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31No
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$316,652
Participant contributions at end of year2020-12-31$46,943
Participant contributions at beginning of year2020-12-31$56,185
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$300,773
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$838
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$485,875
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,214,263
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,728,388
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$3,442,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,094,145
Interest on participant loans2020-12-31$0
Interest earned on other investments2020-12-31$6,989
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$724,328
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$578,058
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from pooled separate accounts2020-12-31$488,656
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$119,771
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$746,128
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer

Form 5500 Responses for 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC.

2020: 403(B) THRIFT PLAN OF UNITED WAY OF METROPOLITAN NASHVILLE, INC. 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number051740I
Policy instance 1
Insurance contract or identification number051740I
Number of Individuals Covered98
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $337
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees337
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3

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