Retirement plan

PACE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: PACE UNIVERSITY - PACE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2022) Form 5500
Creator: PACE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, PACE UNIVERSITY

PACE UNIVERSITYEIN 13-5562314Plan #001PY 2022

100 SUMMIT LAKE DRIVE, 3RD FLOOR - VALHALLA, NY 10595212-346-1269pace.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$739.3M

-11.0% from 2017

Total participants

3,561

-2.6% from 2017

Average account balance

$213,311

-8.8% from 2017

Annual return

-10.73%

-6.47 pp from 2017

Benchmarks

See 275 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort275 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$881.46M

Not enough data

1 years with asset history on file

Average account balance

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

$253K

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.

3,482

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TIAA5 years Service code 15 · EIN 13-1624203	Recordkeeping	$171,157
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$81,000
KPMG LLP6 years Service code 10 · EIN 13-5565207	Accounting	$35,800
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INV INST OPS CO. LLC Service code 37 · EIN 04-2647786	Loan Processing	$4,769

Plan features & details

Pension benefit codes2F2G2L2M2R2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$293K

$129 / participant

Investment mgmt$81K27.7%
Other / not subdivided$212K72.3%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 441060260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$213,311

$98,780+115.9%

$60,919+250.2%

$77,906+173.8%

Participation rate

95.8%

76.7%+19.1pp

73.1%+22.7pp

73.7%+22.1pp

Annual return

-10.73%

-11.56%+0.8pp

16.98%-27.7pp

12.16%-22.9pp

Employer contribution / active EE

$5,021

$3,605+39.3%

$2,704+85.7%

$2,846+76.4%

Participant deferral / active EE

$5,049

$4,200+20.2%

$3,814+32.4%

$4,805+5.1%

Admin fee / account holder

$84

$89-4.7%

$3,226-97.4%

$133-36.3%

Provider

Service type

Compensation

TIAA5 years

Service code 15 · EIN 13-1624203

Recordkeeping

$171,157

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$81,000

KPMG LLP6 years

Service code 10 · EIN 13-5565207

Accounting

$35,800

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INV INST OPS CO. LLC

Service code 37 · EIN 04-2647786

Loan Processing

$4,769

PACE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

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