Retirement plan

DREXEL UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

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

DREXEL UNIVERSITYEIN 23-1352630Plan #103PY 2017

3141 CHESTNUT STREET - PHILADELPHIA, PA 19104215-895-2850drexelmed.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1209.7M

-10.6% from 2016

Total participants

10,389

-20.5% from 2016

Average account balance

$127,065

+6.9% from 2016

Annual return

15.63%

-7.83 pp from 2016

Benchmarks

See 37 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort37 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.85B

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

15,849

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
TIAA2 years Service code 19 · EIN 13-1624203	Securities Custodian	$168,675
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$92,537
THE VANGUARD GROUP, INC.3+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$59,185

Plan features & details

Pension benefit codes2F2G2L2M2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$330K

$48 / participant

Other / not subdivided$330K100.0%

% of EOY assets

0.027%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,065

$98,180+29.4%

$63,018+101.6%

$177,276-28.3%

Participation rate

87.5%

75.3%+12.2pp

74.8%+12.7pp

74.8%+12.6pp

Annual return

15.63%

16.81%-1.2pp

87.63%-72.0pp

21.25%-5.6pp

Employer contribution / active EE

$5,071

$3,885+30.5%

$2,761+83.7%

$2,479+104.6%

Participant deferral / active EE

$4,400

$3,805+15.6%

$3,330+32.1%

$3,881+13.4%

Admin fee / account holder

$35

$31+11.3%

$3,601-99.0%

$154-77.5%

Provider

Service type

Compensation

TIAA2 years

Service code 19 · EIN 13-1624203

Securities Custodian

$168,675

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$92,537

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$59,185

DREXEL UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DREXEL UNIVERSITY DEFINED CONTRIBUTION RETIREMENT 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