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 (2016) 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 2016

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$250K

+17.2% from 2015

Total participants

+66.7% from 2015

Average account balance

$50,046

-29.7% from 2015

Annual return

8.79%

+11.17 pp from 2015

Benchmarks

See 5,387 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,387 peers

Snapshot2016

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

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

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 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

$2K

$451 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.900%

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

$50,046

$65,685-23.8%

$57,181-12.5%

$273,968-81.7%

Participation rate

100.0%

78.3%+21.7pp

75.3%+24.7pp

83.0%+17.0pp

Annual return

8.79%

21.99%-13.2pp

14.59%-5.8pp

41.45%-32.7pp

Employer contribution / active EE

$2,474

$3,279-24.5%

$2,682-7.8%

$4,869-49.2%

Participant deferral / active EE

$1,309

$3,781-65.4%

$3,096-57.7%

$5,287-75.2%

Admin fee / account holder

$451

$4,835-90.7%

$3,139-85.6%

$10,132-95.6%

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