Retirement plan

HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: PRESIDENT & FELLOWS OF HARVARD COLLEGE HARVARD HUMAN RESOURCES, BENEFI - HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2016) Form 5500
Creator: PRESIDENT & FELLOWS OF HARVARD COLLEGE HARVARD HUMAN RESOURCES, BENEFI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, PRESIDENT & FELLOWS OF HARVARD COLLEGE HARVARD HUMAN RESOURCES, BENEFI

PRESIDENT & FELLOWS OF HARVARD COLLEGE HARVARD HUMAN RESOURCES, BENEFIEIN 04-2103580Plan #007PY 2016

114 MT AUBURN ST, ROOM 433 - CAMBRIDGE, MA 02138617-496-1542

Other plans on this EIN

3 filings

#006Retirement-$1.88B assets #003Retirement-$1.60B assets #002Retirement-$1.41B assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 19, 2013 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$805.9M

-13.0% from 2016

Total participants

17,058

-4.0% from 2016

Average account balance

$47,245

-9.4% from 2016

Annual return

7.29%

-7.59 pp from 2016

Benchmarks

See 35 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants>=10,000

Cohort35 peers

Snapshot2016

Participant deferral / active EE

median $3,076

Employer contribution / active EE

$6,829

median $3,931

Participation rate

100.0%

median 77.2%

Avg account balance

$47,245

median $83,370

Admin fee / account holder

$19

median $9

Annual return

7.29%

median 7.75%

Overall peer rank

49of 100

49th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.03B

Average account balance

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

$79K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

25,749

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Contributions (total)

Employer and participant dollars contributed each year

$125.16M

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.22%

Admin fee / account holder

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

$17

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 52 · EIN 04-2647786	Indirect Investment Fees	$183,087
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD GROUP INC. Service code 52 · EIN 23-1945930	Indirect Investment Fees	$100,912
TIAA2+ years Filed as: TIAA-CREF INVESTMENT MANAGEMENT, LL Service code 52 · EIN 13-1624203	Indirect Investment Fees	$38,432
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON PA INC. Service code 11 · EIN 23-1159360 335 MADISON AVENUE · NEW YORK, NY 10017	Actuarial	$25,585

Plan features & details

Pension benefit codes2A2C2F2G3H2T2R

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$322K

$30 / participant

Contract admin$322K100.0%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICEWATERHOUSEWATERS LLC
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,245

$89,117-47.0%

$57,196-17.4%

$329,111-85.6%

Participation rate

100.0%

67.2%+32.8pp

75.3%+24.7pp

67.9%+32.1pp

Annual return

7.29%

7.87%-0.6pp

14.59%-7.3pp

16.35%-9.1pp

Employer contribution / active EE

$6,829

$4,034+69.3%

$2,683+154.5%

$2,303+196.5%

Participant deferral / active EE

$3,328-100.0%

$3,096-100.0%

$3,682-100.0%

Admin fee / account holder

$19

$21-11.1%

$3,141-99.4%

$754-97.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 52 · EIN 04-2647786

Indirect Investment Fees

$183,087

THE VANGUARD GROUP, INC.2+ years

Filed as: VANGUARD GROUP INC.

Service code 52 · EIN 23-1945930

Indirect Investment Fees

$100,912

TIAA2+ years

Filed as: TIAA-CREF INVESTMENT MANAGEMENT, LL

Service code 52 · EIN 13-1624203

Indirect Investment Fees

$38,432

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON PA INC.

Service code 11 · EIN 23-1159360

335 MADISON AVENUE · NEW YORK, NY 10017

Actuarial

$25,585

HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

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