Retirement plan

HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: PRESIDENT & FELLOWS OF HARVARD COLLEGE HARVARD HUMAN RESOURCES, BENEFI - HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2017) 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 2017

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

Other plans on this EIN

3 filings

#006Retirement-$2.25B assets #003Retirement-$1.78B assets #002Retirement-$1.60B assets

Prospect flagsLow assets / participant

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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How to read this page

Total assets (EOY)

$981.2M

+21.8% from 2016

Total participants

17,629

+3.3% from 2016

Average account balance

$55,660

+17.8% from 2016

Annual return

15.55%

+8.27 pp from 2016

Benchmarks

See 35 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants>=10,000

Cohort35 peers

Snapshot2017

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.03B

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

25,749

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

1 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

Top 3 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3+ years Filed as: VANGUARD GROUP INC. Service code 52 · EIN 23-1945930	Indirect Investment Fees	$404,818
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$174,788
TIAA1 year Filed as: TIAA - TEACHERS INSURANCE AND ANNOC Service code 52 · EIN 13-1624203	Indirect Investment Fees	$8,258

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$588K

$54 / participant

Contract admin$588K100.0%

% of EOY assets

0.060%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,660

$111,945-50.3%

$62,995-11.6%

$80,976-31.3%

Participation rate

100.0%

65.1%+34.9pp

74.8%+25.2pp

68.3%+31.7pp

Annual return

15.55%

17.10%-1.6pp

87.57%-72.0pp

22.91%-7.4pp

Employer contribution / active EE

$7,122

$4,590+55.2%

$2,759+158.2%

$2,402+196.5%

Participant deferral / active EE

$3,579-100.0%

$3,329-100.0%

$3,848-100.0%

Admin fee / account holder

$33

$24+36.2%

$3,600-99.1%

$67-50.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD GROUP INC.

Service code 52 · EIN 23-1945930

Indirect Investment Fees

$404,818

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$174,788

TIAA1 year

Filed as: TIAA - TEACHERS INSURANCE AND ANNOC

Service code 52 · EIN 13-1624203

Indirect Investment Fees

$8,258

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