Retirement plan

RETIREMENT PLAN FOR SPECIFIED EMPLOYEES OF THE FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INC.

Name: FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY - RETIREMENT PLAN FOR SPECIFIED EMPLOYEES OF THE FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INC. (2023) Form 5500
Creator: FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR SPECIFIED EMPLOYEES OF THE FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INC., FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY

FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITYdba OF NEW YORK AT BUFFALO, INC.EIN 16-6018833Plan #001PY 2023

146 FARGO QUAD - BUILDING 4 - BUFFALO, NY 142610050716-645-2521LinkedIn51-200 employeescivic & social organization

Other plans on this EIN

2 filings

#002Retirement-$7.7M assets #003Retirement-$4.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.5M

+9.8% from 2022

Total participants

150

+0.7% from 2022

Average account balance

$64,093

+9.8% from 2022

Annual return

14.97%

+27.40 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.56M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

151

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$397K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 1 by compensation

Provider	Service type	Compensation
TIAA3 years Filed as: TIAA-TEACHERS INS. & ANNUITY ASSOC. Service code 19 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 10017	Securities Custodian	$3,312

Plan features & details

Pension benefit codes2L

Plan features

2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3K

$81 / participant

Contract admin$3K100.0%

% of EOY assets

0.035%

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: TRONCONI SEGARRA & ASSOCIATES, LLP
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,093

$57,330+11.8%

$86,656-26.0%

$75,177-14.7%

Participation rate

97.6%

63.2%+34.4pp

71.7%+25.9pp

67.2%+30.4pp

Annual return

14.97%

2675.40%-2660.4pp

593.09%-578.1pp

160.75%-145.8pp

Employer contribution / active EE

$7,776

$2,316+235.7%

$3,025+157.0%

$2,671+191.1%

Participant deferral / active EE

$1,890

$3,320-43.1%

$4,439-57.4%

$4,126-54.2%

Admin fee / account holder

$22

$4,115-99.5%

$5,619-99.6%

$5,651-99.6%

Provider

Service type

Compensation

TIAA3 years

Filed as: TIAA-TEACHERS INS. & ANNUITY ASSOC.

Service code 19 · EIN 13-1624203

730 THIRD AVE. · NEW YORK, NY 10017

Securities Custodian

$3,312

RETIREMENT PLAN FOR SPECIFIED EMPLOYEES OF THE FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR SPECIFIED EMPLOYEES OF THE FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, 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