Retirement plan

STEVENS INSTITUTE OF TECHNOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: STEVENS INSTITUTE OF TECHNOLOGY - STEVENS INSTITUTE OF TECHNOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN (2020) Form 5500
Creator: STEVENS INSTITUTE OF TECHNOLOGY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEVENS INSTITUTE OF TECHNOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN, STEVENS INSTITUTE OF TECHNOLOGY

STEVENS INSTITUTE OF TECHNOLOGYEIN 22-1487354Plan #001PY 2020

1 CASTLE POINT TERRACE - HOBOKEN, NJ 07030201-216-5122stevens.eduLinkedIn201-500 employeeshigher education

Other plans on this EIN

2 filings

#002Retirement-$660K assets #003Retirement-$407K assets

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed May 24, 2011 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$368.7M

-4.6% from 2016

Total participants

2,114

-6.3% from 2016

Average account balance

$177,266

-4.1% from 2016

Annual return

13.61%

-4.47 pp from 2016

Benchmarks

See 263 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort263 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$466.46M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

2,394

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
TEACHERS INSURANCE & ANNUITY ASSOC2 years Filed as: TEACHERS INSUR. & ANNUITY ASSOC. Service code 23 · EIN 13-1624203	Insurance services	$142,336
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 17 · EIN 26-0058143	Pension Consulting	$106,750

Plan features & details

Pension benefit codes2A2F2G2L2M2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).

Expense breakdown

Schedule H Part II

Admin total

$250K

$207 / participant

Other / not subdivided$250K100.0%

% of EOY assets

0.068%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,266

$105,581+67.9%

$70,492+151.5%

$90,274+96.4%

Participation rate

97.2%

77.5%+19.6pp

75.1%+22.1pp

73.4%+23.8pp

Annual return

13.61%

14.78%-1.2pp

109.16%-95.6pp

53.97%-40.4pp

Employer contribution / active EE

$5,726

$3,304+73.3%

$2,738+109.1%

$2,523+126.9%

Participant deferral / active EE

$6,788

$3,813+78.0%

$3,711+82.9%

$4,231+60.5%

Admin fee / account holder

$120

$68+77.7%

$3,848-96.9%

$114+5.2%

Provider

Service type

Compensation

TEACHERS INSURANCE & ANNUITY ASSOC2 years

Filed as: TEACHERS INSUR. & ANNUITY ASSOC.

Service code 23 · EIN 13-1624203

Insurance services

$142,336

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 17 · EIN 26-0058143

Pension Consulting

$106,750

STEVENS INSTITUTE OF TECHNOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEVENS INSTITUTE OF TECHNOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

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