Retirement plan

SKIDMORE 403(B) RETIREMENT PLAN

Name: SKIDMORE COLLEGE - SKIDMORE 403(B) RETIREMENT PLAN (2021) Form 5500
Creator: SKIDMORE COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKIDMORE 403(B) RETIREMENT PLAN, SKIDMORE COLLEGE

SKIDMORE COLLEGEEIN 14-1338562Plan #002PY 2021

815 NORTH BROADWAY - SARATOGA SPRINGS, NY 128661698518-580-5000skidmore.eduLinkedIn501-1000 employeeshigher education

Other plans on this EIN

2 filings

#003Retirement-$4.5M assets #001Retirement-$787K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$348.8M

-5.7% from 2016

Total participants

1,907

-2.2% from 2016

Average account balance

$182,921

-3.7% from 2016

Annual return

13.18%

-6.80 pp from 2016

Benchmarks

See 921 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort921 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$368.42M

Not enough data

1 years with asset history on file

Average account balance

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

$179K

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.

2,060

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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

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 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

$223K

$322 / participant

Contract admin$198K88.8%
Other / not subdivided$25K11.2%

% of EOY assets

0.064%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$182,921

$94,836+92.9%

$75,728+141.6%

$86,828+110.7%

Participation rate

100.0%

79.1%+20.9pp

74.8%+25.2pp

72.3%+27.7pp

Annual return

13.18%

16.90%-3.7pp

104.66%-91.5pp

97.95%-84.8pp

Employer contribution / active EE

$8,644

$2,908+197.3%

$2,743+215.1%

$2,406+259.2%

Participant deferral / active EE

$5,935

$3,632+63.4%

$3,820+55.4%

$4,132+43.6%

Admin fee / account holder

$117

$108+8.1%

$3,620-96.8%

$170-30.9%

SKIDMORE 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKIDMORE 403(B) 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