Retirement plan

TIAA - CREF DEFERRED ANNUITY PLAN FOR EMPLOYEES OF LITERARY CLASSICS OF THE UNITED STATES INC.

Name: LITERARY CLASSICS OF THE UNITED STATES, INC. - TIAA - CREF DEFERRED ANNUITY PLAN FOR EMPLOYEES OF LITERARY CLASSICS OF THE UNITED STATES INC. (2021) Form 5500
Creator: LITERARY CLASSICS OF THE UNITED STATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIAA - CREF DEFERRED ANNUITY PLAN FOR EMPLOYEES OF LITERARY CLASSICS OF THE UNITED STATES INC., LITERARY CLASSICS OF THE UNITED STATES, INC.

LITERARY CLASSICS OF THE UNITED STATES, INC.EIN 13-2986916Plan #002PY 2021

14 EAST 60TH STREET - NEW YORK, NY 100221002212-308-3360

Other plans on this EIN

1 filing

#001Retirement-$7.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$7M

+11.8% from 2020

Total participants

+15.0% from 2020

Average account balance

$351,557

+0.6% from 2020

Annual return

13.91%

-0.21 pp from 2020

Benchmarks

See 6,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,475 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.31M

Not enough data

1 years with asset history on file

Average account balance

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

$348K

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.

161.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12844

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

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

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 codes2G2L2M

Plan features

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$208K

$17317 / participant

Other / not subdivided$208K100.0%

% of EOY assets

2.955%

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

$351,557

$84,713+315.0%

$75,717+364.3%

$167,518+109.9%

Participation rate

75.0%

77.8%-2.8pp

74.8%+0.2pp

82.1%-7.1pp

Annual return

13.91%

199.49%-185.6pp

104.58%-90.7pp

478.71%-464.8pp

Employer contribution / active EE

$3,229-100.0%

$2,743-100.0%

$4,838-100.0%

Participant deferral / active EE

$6,012

$4,578+31.3%

$3,821+57.3%

$6,342-5.2%

Admin fee / account holder

$10,390

$5,357+94.0%

$3,619+187.1%

$12,312-15.6%

TIAA - CREF DEFERRED ANNUITY PLAN FOR EMPLOYEES OF LITERARY CLASSICS OF THE UNITED STATES INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIAA - CREF DEFERRED ANNUITY PLAN FOR EMPLOYEES OF LITERARY CLASSICS OF THE UNITED STATES INC.

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