Retirement plan

UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 403(B) RETIREMENT PLAN

Name: UNIVERSITY OF LOUISVILLE FOUNDATION, INC. - UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: UNIVERSITY OF LOUISVILLE FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 403(B) RETIREMENT PLAN, UNIVERSITY OF LOUISVILLE FOUNDATION, INC.

UNIVERSITY OF LOUISVILLE FOUNDATION, INC.EIN 23-7078461Plan #001PY 2023

215 CENTRAL AVE., STE. 212 - LOUISVILLE, KY 40208502-212-8200LinkedIn11-50 employeesinvestment management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+32.0% from 2022

Total participants

+4.3% from 2022

Average account balance

$90,018

+26.5% from 2022

Annual return

21.09%

+40.15 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.58M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

158.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+31.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1533

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 codes2M2G2F2T3D

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.
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.
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

$54K

$4123 / participant

Other / not subdivided$54K100.0%

% of EOY assets

2.481%

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

$90,018

$96,643-6.9%

$86,617+3.9%

$139,456-35.5%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

21.09%

106.57%-85.5pp

591.91%-570.8pp

373.45%-352.4pp

Employer contribution / active EE

$9,827

$3,264+201.0%

$3,023+225.0%

$4,753+106.8%

Participant deferral / active EE

$7,979

$4,835+65.0%

$4,437+79.8%

$6,711+18.9%

Admin fee / account holder

$2,234

$6,406-65.1%

$5,613-60.2%

$11,407-80.4%

UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 403(B) 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