Retirement plan

CARNEGIE INSTITUTE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN

Name: CARNEGIE INSTITUTE - CARNEGIE INSTITUTE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN (2024) Form 5500
Creator: CARNEGIE INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARNEGIE INSTITUTE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN, CARNEGIE INSTITUTE

CARNEGIE INSTITUTEEIN 25-0965280Plan #001PY 2024

4400 FORBES AVENUE - PITTSBURGH, PA 15213412-622-3180LinkedIn1-10 employeeshigher education

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$85.9M

+6.2% from 2023

Total participants

1,074

+0.4% from 2023

Average account balance

$83,624

+8.2% from 2023

Annual return

12.07%

-1.47 pp from 2023

Benchmarks

See 488 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort488 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.88M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

1,027

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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
GLOBAL RETIREMENT PARTNERS LLC4 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$38,500
TIAA7 years Service code 15 · EIN 13-1624203	Recordkeeping	$35,097
CARNEGIE INSTITUTE7 years Service code 99 · EIN 25-0965280	Other Fees	$18,122

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$95K

$193 / participant

Contract admin$95K99.5%
Other / not subdivided$4600.5%

% of EOY assets

0.111%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: $460
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,624

$58,859+42.1%

$129,339-35.3%

$77,692+7.6%

Participation rate

90.5%

59.3%+31.2pp

69.6%+20.9pp

70.6%+19.9pp

Annual return

12.07%

24.74%-12.7pp

9437.05%-9425.0pp

31.25%-19.2pp

Employer contribution / active EE

$1,637

$1,952-16.1%

$4,154-60.6%

$2,726-40.0%

Participant deferral / active EE

$4,614

$3,215+43.5%

$4,170+10.7%

$4,648-0.7%

Admin fee / account holder

$93

$591-84.3%

$7,668-98.8%

$431-78.4%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC4 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$38,500

TIAA7 years

Service code 15 · EIN 13-1624203

Recordkeeping

$35,097

CARNEGIE INSTITUTE7 years

Service code 99 · EIN 25-0965280

Other Fees

$18,122

CARNEGIE INSTITUTE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARNEGIE INSTITUTE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY 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