Retirement plan

UNIVERSITY CITY SCIENCE CENTER DEFINED CONTRIBUTION RETIREMENT PLAN

Name: UNIVERSITY CITY SCIENCE CENTER - UNIVERSITY CITY SCIENCE CENTER DEFINED CONTRIBUTION RETIREMENT PLAN (2023) Form 5500
Creator: UNIVERSITY CITY SCIENCE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY CITY SCIENCE CENTER DEFINED CONTRIBUTION RETIREMENT PLAN, UNIVERSITY CITY SCIENCE CENTER

UNIVERSITY CITY SCIENCE CENTEREIN 23-1645908Plan #001PY 2023

3675 MARKET STREET, SUITE 400 - PHILADELPHIA, PA 19104215-966-6000sciencecenter.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

-14.0% from 2022

Total participants

101

+2.0% from 2022

Average account balance

$81,220

-21.9% from 2022

Annual return

14.31%

+29.69 pp from 2022

Benchmarks

See 4,424 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,424 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.60M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

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.

153.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5062

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$3.8M

$69557 / participant

Other / not subdivided$4M100.0%

% of EOY assets

47.675%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,220

$46,596+74.3%

$64,099+26.7%

$75,181+8.0%

Participation rate

92.6%

65.9%+26.7pp

72.3%+20.3pp

67.2%+25.4pp

Annual return

14.31%

26.04%-11.7pp

33.70%-19.4pp

160.69%-146.4pp

Employer contribution / active EE

$11,404

$1,975+477.5%

$2,748+315.0%

$2,671+327.0%

Participant deferral / active EE

$9,194

$2,837+224.1%

$3,881+136.9%

$4,126+122.8%

Admin fee / account holder

$38,722

$2,954+1210.7%

$3,070+1161.2%

$5,650+585.4%

UNIVERSITY CITY SCIENCE CENTER DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY CITY SCIENCE CENTER 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