Retirement plan

THE UNIVERSITY OF SCRANTON MANDATORY TAX DEFERRED ANNUITY PLAN

Name: THE UNIVERSITY OF SCRANTON - THE UNIVERSITY OF SCRANTON MANDATORY TAX DEFERRED ANNUITY PLAN (2018) Form 5500
Creator: THE UNIVERSITY OF SCRANTON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE UNIVERSITY OF SCRANTON MANDATORY TAX DEFERRED ANNUITY PLAN, THE UNIVERSITY OF SCRANTON

THE UNIVERSITY OF SCRANTONEIN 24-0795495Plan #003PY 2018

800 LINDEN STREET - SCRANTON, PA 18510570-941-7400scranton.eduLinkedIn1001-5000 employeeshigher education

Other plans on this EIN

2 filings

#002Retirement-$100.6M assets #001Retirement-$20.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$87.7M

-8.0% from 2017

Total participants

1,080

+31.3% from 2017

Average account balance

$83,868

-7.3% from 2017

Annual return

9.01%

-10.49 pp from 2017

Benchmarks

See 956 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort956 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$105.26M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

980

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.83M

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Investm...	$17,962
MID ATLANTIC CAPITAL CORPORATION3+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2G2L2M2R2T

Plan features

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

$23K

$26 / participant

Investment mgmt$4K17.0%
Other / not subdivided$19K83.0%

% of EOY assets

0.026%

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: BDK, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,868

$70,083+19.7%

$59,899+40.0%

$55,727+50.5%

Participation rate

96.1%

78.4%+17.8pp

74.7%+21.4pp

70.9%+25.3pp

Annual return

9.01%

3.13%+5.9pp

3.46%+5.5pp

244.94%-235.9pp

Employer contribution / active EE

$2,878-100.0%

$2,723-100.0%

$2,078-100.0%

Participant deferral / active EE

$2,077

$3,079-32.5%

$3,403-38.9%

$3,356-38.1%

Admin fee / account holder

$22

$70-68.9%

$3,592-99.4%

$115-81.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Investm...

$17,962

MID ATLANTIC CAPITAL CORPORATION3+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

THE UNIVERSITY OF SCRANTON MANDATORY TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE UNIVERSITY OF SCRANTON MANDATORY TAX DEFERRED ANNUITY 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