Retirement plan

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN

Name: RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK - RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN, RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORKEIN 13-1988190Plan #001PY 2024

230 WEST 41ST STREET,, 7TH FLOOR - NEW YORK, NY 10036212-417-8601rfcuny.orgLinkedIn10001+ employeeseducation management

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed November 26, 2008

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)

$929.2M

-3.9% from 2016

Total participants

21,778

+7.3% from 2016

Average account balance

$65,652

-5.3% from 2016

Annual return

44.70%

-5.15 pp from 2016

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

$929.23M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

14,154

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.

38.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+44.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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 Service code 15 · EIN 13-1624203	Recordkeeping	$242,877
JULIAN OSORIO8 years Service code 14 · EIN 13-1988190	Plan Administrator	$113,590
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPTRUST Service code 27 · EIN 26-0058143	Advisory (Plan)	$35,750
COHNREZNICK LLP3 years Service code 10 · EIN 22-1478099	Accounting	$30,450
NIXON PEABODY LLP1 year Filed as: NIXON PEABODY Service code 29 · EIN 16-0764720	Legal	$30,205
FARRAH DORSINVILLE8 years Service code 14 · EIN 13-1988190	Plan Administrator	$20,442
ZHANG FINANCIAL2 years Filed as: DE ZHANG Service code 14 · EIN 13-1988190	Plan Administrator	$15,185

Plan features & details

Pension benefit codes2F2G2L2M2S2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$496K

$40 / participant

Recordkeeping$240K48.4%
Investment mgmt$36K7.2%
Legal$30K6.1%
Salaries / allowances$157K31.6%
Contract admin$3K0.6%
Other / not subdivided$30K6.1%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

5 / 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: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: $30,450
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,652

$145,906-55.0%

$67,560-2.8%

$106,553-38.4%

Participation rate

38.8%

67.1%-28.4pp

72.9%-34.2pp

69.8%-31.1pp

Annual return

44.70%

15.10%+29.6pp

3533.50%-3488.8pp

17.37%+27.3pp

Employer contribution / active EE

$1,157

$6,028-80.8%

$2,737-57.7%

$3,359-65.6%

Participant deferral / active EE

$56

$5,093-98.9%

$4,004-98.6%

$5,562-99.0%

Admin fee / account holder

$35

$38-7.5%

$3,994-99.1%

$80-56.0%

Provider

Service type

Compensation

TIAA10+ years

Service code 15 · EIN 13-1624203

Recordkeeping

$242,877

JULIAN OSORIO8 years

Service code 14 · EIN 13-1988190

Plan Administrator

$113,590

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPTRUST

Service code 27 · EIN 26-0058143

Advisory (Plan)

$35,750

COHNREZNICK LLP3 years

Service code 10 · EIN 22-1478099

Accounting

$30,450

NIXON PEABODY LLP1 year

Filed as: NIXON PEABODY

Service code 29 · EIN 16-0764720

Legal

$30,205

FARRAH DORSINVILLE8 years

Service code 14 · EIN 13-1988190

Plan Administrator

$20,442

ZHANG FINANCIAL2 years

Filed as: DE ZHANG

Service code 14 · EIN 13-1988190

Plan Administrator

$15,185

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK 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