Retirement plan

THE U OF MASS FOUNDATION 401K PLAN

Name: THE UNIVERSITY OF MASSACHUSETTS - THE U OF MASS FOUNDATION 401K PLAN (2021) Form 5500
Creator: THE UNIVERSITY OF MASSACHUSETTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE U OF MASS FOUNDATION 401K PLAN, THE UNIVERSITY OF MASSACHUSETTS

THE UNIVERSITY OF MASSACHUSETTSEIN 04-6013152Plan #002PY 2021

ONE BEACON STREET, 31ST FLOOR - BOSTON, MA 02108617-287-5590massachusetts.eduLinkedIn10001+ employeeshigher education

Prospect flagsLow fidelity bond

Top hat statement on fileNQDC

Filed July 3, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

100 Carlson Avenue Building 12

Newton, MA 02459

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Plans declared (2)

The University of Massachusetts Foundation Inc. 457(b) Plan5 emp
The University of Massachusetts Foundation Inc. 457(f) Plan3 emp

Total covered: 8 employees

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Total assets (EOY)

$1.4M

+35.0% from 2020

Total participants

-9.7% from 2020

Average account balance

$57,770

+35.0% from 2020

Annual return

13.27%

-8.99 pp from 2020

Benchmarks

See 6,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,471 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.72M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

138.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+20.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6787

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

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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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$125

$8 / participant

Other / not subdivided$125100.0%

% of EOY assets

0.009%

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

$57,770

$84,708-31.8%

$75,714-23.7%

$167,536-65.5%

Participation rate

81.3%

77.8%+3.4pp

74.8%+6.4pp

82.1%-0.9pp

Annual return

13.27%

199.62%-186.4pp

104.62%-91.4pp

478.82%-465.5pp

Employer contribution / active EE

$9,157

$3,231+183.4%

$2,744+233.8%

$4,839+89.2%

Participant deferral / active EE

$5,349

$4,577+16.9%

$3,820+40.0%

$6,342-15.7%

Admin fee / account holder

$5,358-99.9%

$3,619-99.9%

$12,315-100.0%

THE U OF MASS FOUNDATION 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE U OF MASS FOUNDATION 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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