Retirement plan

UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Name: UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. - UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. DEFINED CONTRIBUTION RETIREMENT PLAN, UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC.

UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC.EIN 01-0319421Plan #001PY 2024

5748 MEMORIAL UNION - ORONO, ME 044695748207-581-1778LinkedIn1-10 employeeshigher education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$174K

+22.5% from 2023

Total participants

0.0% from 2023

Average account balance

$43,433

+22.5% from 2023

Annual return

12.93%

-2.07 pp from 2023

Benchmarks

See 8,071 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,071 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$174K

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$800

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

See the 10-year trajectory. $4.99 for your first month.

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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 codes2F2G2L2T3D

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.
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

$3K

$1067 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.842%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,433

$72,396-40.0%

$67,511-35.7%

$145,959-70.2%

Participation rate

100.0%

76.9%+23.1pp

72.9%+27.1pp

80.3%+19.7pp

Annual return

12.93%

7194.07%-7181.1pp

3517.41%-3504.5pp

561.95%-549.0pp

Employer contribution / active EE

$4,570

$3,071+48.8%

$2,733+67.2%

$4,661-2.0%

Participant deferral / active EE

$1,015

$4,781-78.8%

$4,000-74.6%

$6,689-84.8%

Admin fee / account holder

$800

$5,538-85.6%

$3,999-80.0%

$13,398-94.0%

UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF MAINE STUDENT GOVERNMENT, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

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