Retirement plan

AMERICAN CAMPUS COMMUNITIES SERVICES, INC. 401(K) PLAN

Name: AMERICAN CAMPUS COMMUNITIES - AMERICAN CAMPUS COMMUNITIES SERVICES, INC. 401(K) PLAN (2023) Form 5500
Creator: AMERICAN CAMPUS COMMUNITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CAMPUS COMMUNITIES SERVICES, INC. 401(K) PLAN, AMERICAN CAMPUS COMMUNITIES

AMERICAN CAMPUS COMMUNITIESEIN 20-1560940Plan #001PY 2023

12700 HILL COUNTRY BLVD SUITE T200 - AUSTIN, TX 78738512-732-1000americancampus.comLinkedIn1001-5000 employeesreal estate

Prospect flagsLow returnsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$59.7M

+17.8% from 2022

Total participants

2,281

+15.7% from 2022

Average account balance

$29,367

+6.2% from 2022

Annual return

14.82%

+29.80 pp from 2022

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.69M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

2,178

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$204,668
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARNTERS LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$60,000
PEGGY S. EDGE, CPA, LLC1 year Filed as: PEGGY EDGE DBA PEGGY EDGE CPA LLC Service code 10 1460 E WHITESTONE BLVD STE 285 · CEDAR PARK, TX 78613	Accounting	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$279K

$168 / participant

Investment mgmt$60K21.5%
Contract admin$218K78.1%
Other / not subdivided$1K0.4%

% of EOY assets

0.467%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PEGGY S. EDGE, CPA, LLC
Auditor EIN: 264527814
Audit fees: $600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,367

$107,415-72.7%

$135,982-78.4%

$80,169-63.4%

Participation rate

85.0%

78.0%+6.9pp

81.9%+3.1pp

72.9%+12.0pp

Annual return

14.82%

91.99%-77.2pp

68.32%-53.5pp

40.39%-25.6pp

Employer contribution / active EE

$572

$3,878-85.2%

$4,859-88.2%

$2,978-80.8%

Participant deferral / active EE

$3,835

$8,189-53.2%

$7,760-50.6%

$5,016-23.5%

Admin fee / account holder

$137

$127+8.0%

$10,767-98.7%

$145-5.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$204,668

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARNTERS LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$60,000

PEGGY S. EDGE, CPA, LLC1 year

Filed as: PEGGY EDGE DBA PEGGY EDGE CPA LLC

Service code 10

1460 E WHITESTONE BLVD STE 285 · CEDAR PARK, TX 78613

Accounting

$10,000

AMERICAN CAMPUS COMMUNITIES SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN CAMPUS COMMUNITIES SERVICES, INC. 401(K) 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