Retirement plan

UNIVERSITY OF FLORIDA INVESTMENT CORPORATION 403(B) PLAN

Name: UNIVERSITY OF FLORIDA INVESTMENT CORPORATION - UNIVERSITY OF FLORIDA INVESTMENT CORPORATION 403(B) PLAN (2022) Form 5500
Creator: UNIVERSITY OF FLORIDA INVESTMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF FLORIDA INVESTMENT CORPORATION 403(B) PLAN, UNIVERSITY OF FLORIDA INVESTMENT CORPORATION

UNIVERSITY OF FLORIDA INVESTMENT CORPORATIONEIN 20-1226494Plan #001PY 2022

800 SW 2ND AVENUE, SUITE 300 - GAINESVILLE, FL 32601352-392-1693ufico.ufl.eduLinkedIn11-50 employeesinvestment management

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3.1M

-25.4% from 2021

Total participants

0.0% from 2021

Average account balance

$312,360

-10.5% from 2021

Annual return

-17.93%

-53.16 pp from 2021

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$532K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$544K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19564

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 codes2E2F2G2M2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$743K

$67524 / participant

Other / not subdivided$743K100.0%

% of EOY assets

23.779%

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

$312,360

$167,533+86.4%

$151,645+106.0%

$134,545+132.2%

Participation rate

81.8%

88.4%-6.6pp

87.5%-5.7pp

81.2%+0.6pp

Annual return

-17.93%

7.81%-25.7pp

3.34%-21.3pp

418.37%-436.3pp

Employer contribution / active EE

$21,798

$6,828+219.2%

$6,165+253.6%

$4,742+359.7%

Participant deferral / active EE

$17,151

$8,985+90.9%

$8,363+105.1%

$6,401+167.9%

Admin fee / account holder

$74,277

$13,781+439.0%

$11,614+539.6%

$11,431+549.8%

UNIVERSITY OF FLORIDA INVESTMENT CORPORATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF FLORIDA INVESTMENT CORPORATION 403(B) 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