Retirement plan

TAX DEFERRED ANNUITY PLAN OF FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INC.

Name: FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY - TAX DEFERRED ANNUITY PLAN OF 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, TAX DEFERRED ANNUITY PLAN OF 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 #003PY 2023

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

Other plans on this EIN

2 filings

#001Retirement-$9.5M assets #002Retirement-$7.7M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.4M

-6.5% from 2022

Total participants

100

-14.5% from 2022

Average account balance

$45,831

+7.0% from 2022

Annual return

12.39%

+24.38 pp from 2022

Benchmarks

See 9,823 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,823 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.86M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$274K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
TIAA3 years Filed as: TIAA - TEACHERS INSURANCE AND ANNUI Service code 19 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 10017	Securities Custodian	$2,160

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$43 / participant

Contract admin$2K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,831

$57,281-20.0%

$86,612-47.1%

$75,163-39.0%

Participation rate

93.8%

63.2%+30.6pp

71.7%+22.1pp

67.2%+26.6pp

Annual return

12.39%

2670.75%-2658.4pp

591.07%-578.7pp

160.62%-148.2pp

Employer contribution / active EE

$2,314-100.0%

$3,022-100.0%

$2,670-100.0%

Participant deferral / active EE

$4,570

$3,318+37.7%

$4,438+3.0%

$4,125+10.8%

Admin fee / account holder

$21

$4,112-99.5%

$5,614-99.6%

$5,651-99.6%

Provider

Service type

Compensation

TIAA3 years

Filed as: TIAA - TEACHERS INSURANCE AND ANNUI

Service code 19 · EIN 13-1624203

730 THIRD AVE. · NEW YORK, NY 10017

Securities Custodian

$2,160

TAX DEFERRED ANNUITY PLAN OF 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

TAX DEFERRED ANNUITY PLAN OF 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