Retirement plan

ADELPHI UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

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

ADELPHI UNIVERSITYEIN 11-1630741Plan #001PY 2024

1 SOUTH AVENUE - GARDEN CITY, NY 11530516-877-3229adelphi.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 3, 2005

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)

$473.2M

+7.7% from 2023

Total participants

2,353

+2.6% from 2023

Average account balance

$215,472

+5.5% from 2023

Annual return

12.74%

-2.69 pp from 2023

Benchmarks

See 309 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort309 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$473.18M

Not enough data

1 years with asset history on file

Average account balance

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

$215K

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.

2,196

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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 7 by compensation

Provider	Service type	Compensation
TIAA10+ years Filed as: TIAA-CREF Service code 15 · EIN 13-1624203	Recordkeeping	$40,012
GRANT THORNTON LLP2 years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$39,008
CAP FINANCIAL PARTNERS, LLC2 years Service code 28 · EIN 26-0058143	Investment Management	$33,899
MERCER9 years Filed as: MERCER (US), INC Service code 16 · EIN 13-2834414	Consulting	$7,808
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INVEST. INST. OPER. CO. Service code 37 · EIN 04-2647786	Loan Processing	$0
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY INVEST.INST. OPER. CO Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL8 years Filed as: FIDELITY INVEST.INST. OPER. CO. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2F2G2L2M

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$129K

$103 / participant

Recordkeeping$49K37.7%
Investment mgmt$42K32.2%
Other / not subdivided$39K30.1%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

2 / 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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $39,008
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$215,472

$113,293+90.2%

$67,502+219.2%

$199,593+8.0%

Participation rate

87.5%

73.3%+14.2pp

72.9%+14.6pp

72.0%+15.5pp

Annual return

12.74%

15.88%-3.1pp

3512.12%-3499.4pp

34.25%-21.5pp

Employer contribution / active EE

$6,423

$3,401+88.9%

$2,731+135.2%

$3,034+111.7%

Participant deferral / active EE

$7,980

$4,159+91.9%

$4,000+99.5%

$5,087+56.9%

Admin fee / account holder

$59

$103-42.5%

$3,998-98.5%

$269-78.1%

Provider

Service type

Compensation

TIAA10+ years

Filed as: TIAA-CREF

Service code 15 · EIN 13-1624203

Recordkeeping

$40,012

GRANT THORNTON LLP2 years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$39,008

CAP FINANCIAL PARTNERS, LLC2 years

Service code 28 · EIN 26-0058143

Investment Management

$33,899

MERCER9 years

Filed as: MERCER (US), INC

Service code 16 · EIN 13-2834414

Consulting

$7,808

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INVEST. INST. OPER. CO.

Service code 37 · EIN 04-2647786

Loan Processing

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY INVEST.INST. OPER. CO

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Filed as: FIDELITY INVEST.INST. OPER. CO.

Service code 60

Sub-TA Fees

ADELPHI 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

ADELPHI 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