Retirement plan

TUFTS UNIVERSITY BASIC RETIREMENT PLAN

Name: TRUSTEES OF TUFTS COLLEGE - TUFTS UNIVERSITY BASIC RETIREMENT PLAN (2023) Form 5500
Creator: TRUSTEES OF TUFTS COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUFTS UNIVERSITY BASIC RETIREMENT PLAN, TRUSTEES OF TUFTS COLLEGE

TRUSTEES OF TUFTS COLLEGEEIN 04-2103634Plan #002PY 2023

80 GEORGE STREET - MEDFORD, MA 02155617-627-3141LinkedIn5001-10000 employeeshigher education

Other plans on this EIN

1 filing

#001Retirement-$903.4M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed November 25, 2024 (most recent of 6 filings on file)

Plan administrator

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80 George Street

Medford, MA 02155

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Plans declared (1)

Tufts University Deferred Compensation Plan for Select Employees5 emp

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Total assets (EOY)

$941.8M

-5.9% from 2016

Total participants

10,295

-10.4% from 2016

Average account balance

$111,350

-15.1% from 2016

Annual return

15.98%

-4.82 pp from 2016

Benchmarks

See 41 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort41 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04B

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

8,242

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42.52M

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY INVESTMENTS INST OPS Service code 64 · EIN 04-2647786 164 NORTHERN AVE · BOSTON, MA 02210	Recordkeeping Fees	$161,423
AON CONSULTING2 years Filed as: AON HEWITT INVESTMENT CONSULTING Service code 27 · EIN 36-3109431 200 E. RANDOLPH STREET · CHICAGO, IL 60601	Advisory (Plan)	$44,750
BDO USA, LLP1 year Filed as: BDO USA P.C. Service code 10 · EIN 13-5381590 PO BOX 642743 · PITTSBURGH, PA 152642743	Accounting	$25,876

Plan features & details

Pension benefit codes2A2C2F2G

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$430K

$75 / participant

Investment mgmt$430K100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,350

$111,545-0.2%

$64,110+73.7%

$103,657+7.4%

Participation rate

68.2%

74.9%-6.8pp

72.3%-4.2pp

73.4%-5.2pp

Annual return

15.98%

17.80%-1.8pp

33.75%-17.8pp

33.13%-17.2pp

Employer contribution / active EE

$6,993

$4,573+52.9%

$2,751+154.2%

$3,216+117.5%

Participant deferral / active EE

$4,715-100.0%

$3,883-100.0%

$5,218-100.0%

Admin fee / account holder

$51

$45+12.7%

$3,071-98.3%

$114-55.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY INVESTMENTS INST OPS

Service code 64 · EIN 04-2647786

164 NORTHERN AVE · BOSTON, MA 02210

Recordkeeping Fees

$161,423

AON CONSULTING2 years

Filed as: AON HEWITT INVESTMENT CONSULTING

Service code 27 · EIN 36-3109431

200 E. RANDOLPH STREET · CHICAGO, IL 60601

Advisory (Plan)

$44,750

BDO USA, LLP1 year

Filed as: BDO USA P.C.

Service code 10 · EIN 13-5381590

PO BOX 642743 · PITTSBURGH, PA 152642743

Accounting

$25,876

TUFTS UNIVERSITY BASIC RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUFTS UNIVERSITY BASIC RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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