Retirement plan

YALE UNIVERSITY RETIREMENT ACCOUNT PLAN

Name: YALE UNIVERSITY - YALE UNIVERSITY RETIREMENT ACCOUNT PLAN (2024) Form 5500
Creator: YALE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YALE UNIVERSITY RETIREMENT ACCOUNT PLAN, YALE UNIVERSITY

YALE UNIVERSITYEIN 06-0646973Plan #001PY 2024

PO BOX 208372 - NEW HAVEN, CT 06520203-432-9026yale.eduLinkedIn10001+ employeeshigher education

Other plans on this EIN

3 filings

#002Retirement-$2.05B assets #004Retirement-$873.9M assets #005Retirement-$602.0M assets

Prospect flagsLow returnsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed June 13, 2002 (most recent of 2 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)

$8343.2M

+12.6% from 2023

Total participants

25,753

+3.6% from 2023

Average account balance

$328,756

+8.1% from 2023

Annual return

12.25%

-2.54 pp from 2023

Benchmarks

See 42 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants>=10,000

Cohort42 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.34B

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

25,378

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$350.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 8 by compensation

Provider	Service type	Compensation
TIAA8 years Service code 15 · EIN 13-1624203	Recordkeeping	$763,583
AON CONSULTING5 years Filed as: AON INVESTMENTS USA INC Service code 28 · EIN 36-3109431	Investment Management	$716,932
KREITLER FINANCIAL, LLC5 years Service code 28 · EIN 06-1340298	Investment Management	$476,149
ASSETMARK RETIREMENT SERVICES, INC.3 years Filed as: ASSETMARK,INC. Service code 28 · EIN 58-2113323	Investment Management	$93,464
TIDEWATER WEALTH MANAGEMENT2 years Service code 28 · EIN 87-3087476	Investment Management	$58,230
FLEXIBLE PLAN INVESTMENTS LTD5 years Filed as: FLEXIBLE PLAN INVESTMENTS, LTD. Service code 28 · EIN 38-2340348	Investment Management	$48,197
GRANT THORNTON LLP8 years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$29,675
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH FINANCIAL NETWORK(H/O) Service code 28 · EIN 04-2675571	Investment Management	$27,276

Plan features & details

Pension benefit codes2F2G2L2M2R2S2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.3M

$165 / participant

Recordkeeping$711K31.4%
Investment mgmt$1M63.0%
Contract admin$52K2.3%
Other / not subdivided$73K3.2%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

3 / 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: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: $29,675
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$328,756

$145,906+125.3%

$67,575+386.5%

$106,553+208.5%

Participation rate

97.3%

67.1%+30.1pp

72.9%+24.4pp

69.8%+27.4pp

Annual return

12.25%

15.10%-2.9pp

3528.98%-3516.7pp

17.37%-5.1pp

Employer contribution / active EE

$13,356

$6,028+121.6%

$2,736+388.2%

$3,359+297.7%

Participant deferral / active EE

$12,243

$5,093+140.4%

$4,003+205.8%

$5,562+120.1%

Admin fee / account holder

$89

$38+135.5%

$3,993-97.8%

$80+11.9%

Provider

Service type

Compensation

TIAA8 years

Service code 15 · EIN 13-1624203

Recordkeeping

$763,583

AON CONSULTING5 years

Filed as: AON INVESTMENTS USA INC

Service code 28 · EIN 36-3109431

Investment Management

$716,932

KREITLER FINANCIAL, LLC5 years

Service code 28 · EIN 06-1340298

Investment Management

$476,149

ASSETMARK RETIREMENT SERVICES, INC.3 years

Filed as: ASSETMARK,INC.

Service code 28 · EIN 58-2113323

Investment Management

$93,464

TIDEWATER WEALTH MANAGEMENT2 years

Service code 28 · EIN 87-3087476

Investment Management

$58,230

FLEXIBLE PLAN INVESTMENTS LTD5 years

Filed as: FLEXIBLE PLAN INVESTMENTS, LTD.

Service code 28 · EIN 38-2340348

Investment Management

$48,197

GRANT THORNTON LLP8 years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$29,675

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH FINANCIAL NETWORK(H/O)

Service code 28 · EIN 04-2675571

Investment Management

$27,276

YALE UNIVERSITY RETIREMENT ACCOUNT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YALE UNIVERSITY RETIREMENT ACCOUNT 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