Retirement plan

WIDENER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: WIDENER UNIVERSITY - WIDENER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2021) Form 5500
Creator: WIDENER UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIDENER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, WIDENER UNIVERSITY

WIDENER UNIVERSITYEIN 23-1386178Plan #001PY 2021

1 UNIVERSITY PLACE - CHESTER, PA 190135700610-499-4156widener.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$436.7M

+7.6% from 2020

Total participants

2,347

+2.0% from 2020

Average account balance

$189,117

+6.5% from 2020

Annual return

12.34%

-1.10 pp from 2020

Benchmarks

See 922 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort922 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$424.81M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

2,320

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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
THE VANGUARD GROUP, INC.7+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$62,966
TIAA7+ years Filed as: TIAA-CREF Service code 21 · EIN 13-1624203	Bank Trustee	$40,748

Plan features & details

Pension benefit codes2K2L2M2R2T

Plan features

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$104K

$117 / participant

Contract admin$63K60.5%
Other / not subdivided$41K39.5%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,117

$94,833+99.4%

$75,717+149.8%

$86,813+117.8%

Participation rate

95.7%

79.1%+16.6pp

74.8%+20.9pp

72.3%+23.4pp

Annual return

12.34%

16.91%-4.6pp

104.58%-92.2pp

97.93%-85.6pp

Employer contribution / active EE

$4,839

$2,904+66.6%

$2,743+76.4%

$2,406+101.1%

Participant deferral / active EE

$5,428

$3,632+49.4%

$3,821+42.1%

$4,131+31.4%

Admin fee / account holder

$45

$109-58.6%

$3,619-98.8%

$170-73.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.7+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$62,966

TIAA7+ years

Filed as: TIAA-CREF

Service code 21 · EIN 13-1624203

Bank Trustee

$40,748

WIDENER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIDENER 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