Retirement plan

DREW UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED PLAN

Name: DREW UNIVERSITY - DREW UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED PLAN (2017) Form 5500
Creator: DREW UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DREW UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED PLAN, DREW UNIVERSITY

DREW UNIVERSITYEIN 22-1487164Plan #101PY 2017

36 MADISON AVENUE - MADISON, NJ 07940973-408-3000drew.eduLinkedIn201-500 employeeshigher education

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$184.1M

+7.9% from 2016

Total participants

1,335

+1.1% from 2016

Average account balance

$144,281

+7.1% from 2016

Annual return

12.74%

+6.16 pp from 2016

Benchmarks

See 942 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort942 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$230.54M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

1,256

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.

72.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.48M

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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
FIDUCIARY INVESTMENT ADVISORS2 years Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC Service code 28 · EIN 20-4751585	Investment Management	$43,467
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910	Accounting	$14,400
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVS INST. OPS CO., INC. Service code 64 · EIN 04-2647786	Recordkeeping Fees	$240

Plan features & details

Pension benefit codes2F2G2L2M2T

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,281

$74,552+93.5%

$63,018+129.0%

$69,631+107.2%

Participation rate

91.5%

78.3%+13.3pp

74.8%+16.7pp

70.7%+20.8pp

Annual return

12.74%

15.77%-3.0pp

87.62%-74.9pp

27571.02%-27558.3pp

Employer contribution / active EE

$3,467

$2,929+18.4%

$2,761+25.6%

$2,032+70.6%

Participant deferral / active EE

$3,948

$2,974+32.7%

$3,330+18.6%

$3,224+22.5%

Admin fee / account holder

$59-100.0%

$3,601-100.0%

$110-100.0%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS2 years

Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC

Service code 28 · EIN 20-4751585

Investment Management

$43,467

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 39-0859910

Accounting

$14,400

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVS INST. OPS CO., INC.

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$240

DREW UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DREW UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion