Florida › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
United Way Miami 401(k) Plan
Sponsored by United Way Miami, Inc., Miami, FL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
United Way Miami 401(k) Plan is a 401(k) plan sponsored by United Way Miami, Inc. of Miami, Florida. For the plan year ending 31 Dec 2025 it reported 282 participants, 207 of them active, and net assets of $11.4M.
Net assets came to $40,522 per participant, below the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $34K: $122 per participant, below the same-size median of $141. Administrative expenses charged to the plan were $34K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $40,522 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $122 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.30% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $122 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$12,941,091
- Employer contributions—
- Participant contributions$707,535
- Rollovers and other contributions$39,617
- Total contributions$747,152
- Total income, including investment results$2,152,587
- Benefits paid$3,635,789
- Administrative expenses$34,486
- Total expenses$3,666,512
- Net income−$1,513,925
- Net transfers$0
- Net assets, end of year$11,427,166
Participants
- Active participants207
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits75
- Participants with account balances281
- Total participants, end of year282
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $23,287 | $0 |
| Merrill Lynch, Pierce, Fenner&smith | Investment advisory (plan) | $11,199 | $0 |
| Wilshire Advisors LLC | Investment advisory (plan) | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$23,287
- Investment advisory and management fees$11,199
- Total administrative expenses$34,486
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$8.2M · 72.1%
- Insurance company general account$2.8M · 24.3%
- Participant loans$367K · 3.2%
- Common/collective trusts$42K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMetz CPA PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 624100: Individual & Family Services.
Other plans of United Way Miami, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| United Way Miami 401(k) Plan | 295 | $12.9M |
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| John Knox Village of Florida, Inc. 401(k) Retirement Plan | John Knox Village of Florida, Inc. | 283 | $5.5M | $19,329 |
| Corporate Fitness Works, Inc. Retirement Plan | Corporate Fitness Works, Inc. | 281 | $8.5M | $30,412 |
| Mod Behavior Aba, LLC 401(k) Plan | Mod Behavior Aba, LLC | 283 | $358K | $1,264 |
| Big Bend Hospice Retirement Plan | Big Bend Hospice, Inc. | 281 | $11.6M | $41,165 |
| 401(k) Profit-Sharing Plan for Employees of Boys & Girls Clubs of Tampa Bay, Inc. | Boys & Girls Clubs of Tampa Bay, | 285 | $1.8M | $6,240 |
| The Cove Behavioral Health, Inc. Retirement Plan | Cove Behavioral Health, Inc. | 280 | $4.6M | $16,422 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is United Way Miami 401(k) Plan?
282 participants at the end of the plan year ending 31 Dec 2025, of whom 207 were active employees, with net assets of $11,427,166. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does United Way Miami, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $34,486 in compensation to service provider organisations, $122 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $34,486. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is United Way Miami, Inc.. Recordkeeping or administration: Principal Life Insurance Company. Investment advisory or management: Merrill Lynch, Pierce, Fenner&smith and Wilshire Advisors LLC. The financial statements were audited by Metz CPA PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 27 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 59-0830840, plan 004, received 27 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.