Retirement plan

SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. 401(K) PLAN

Name: SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. - SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. 401(K) PLAN (2023) Form 5500
Creator: SLIPPERY ROCK UNIVERSITY FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. 401(K) PLAN, SLIPPERY ROCK UNIVERSITY FOUNDATION, INC.

SLIPPERY ROCK UNIVERSITY FOUNDATION, INC.EIN 23-7093388Plan #001PY 2023

104 MALTBY AVENUE SUITE 100 - SLIPPERY ROCK, PA 16057724-738-2047srufoundation.orgLinkedIn11-50 employeeshigher education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$709K

-14.4% from 2022

Total participants

-14.3% from 2022

Average account balance

$141,719

+2.7% from 2022

Annual return

11.35%

+28.25 pp from 2022

Benchmarks

See 7,486 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort7,486 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$161K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+5.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117071

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 codes2E2F2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

$256K

$51189 / participant

Other / not subdivided$256K100.0%

% of EOY assets

36.120%

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

$141,719

$69,248+104.7%

$64,101+121.1%

$139,466+1.6%

Participation rate

80.0%

75.6%+4.4pp

72.3%+7.7pp

80.3%-0.3pp

Annual return

11.35%

45.95%-34.6pp

33.72%-22.4pp

373.66%-362.3pp

Employer contribution / active EE

$4,289

$3,185+34.7%

$2,749+56.1%

$4,754-9.8%

Participant deferral / active EE

$4,289

$4,682-8.4%

$3,881+10.5%

$6,712-36.1%

Admin fee / account holder

$51,189

$4,247+1105.2%

$3,070+1567.2%

$11,409+348.7%

SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. 401(K) 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