Retirement plan

SAINT FRANCIS UNIVERSITY RETIREMENT PLAN

Name: SAINT FRANCIS UNIVERSITY - SAINT FRANCIS UNIVERSITY RETIREMENT PLAN (2024) Form 5500
Creator: SAINT FRANCIS UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAINT FRANCIS UNIVERSITY RETIREMENT PLAN, SAINT FRANCIS UNIVERSITY

SAINT FRANCIS UNIVERSITYEIN 25-1024358Plan #004PY 2024

117 EVERGREEN DRIVE, PO BOX 600 - LORETTO, PA 159409704814-472-3006francis.eduLinkedIn201-500 employeeshigher education

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$127.9M

+8.6% from 2023

Total participants

990

-0.6% from 2023

Average account balance

$130,519

+9.4% from 2023

Annual return

13.02%

-1.73 pp from 2023

Benchmarks

See 955 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort955 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$127.91M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$531

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
TIAA5 years Service code 15 · EIN 13-1624203 730 THIRD AVENUE · NEW YORK, NY 10017	Recordkeeping	$91,838
CORNERSTONE ADVISORS ASSET MGMT6 years Filed as: CORNERSTONE ADVISORS ASSET MGMT., I Service code 28 · EIN 75-3204798 74 W BROAD ST STE 340 · BETHLEHM, PA 18018	Investment Management	$37,246
WITHUMSMITH+BROWN, PC5 years Filed as: YOUNG, OAKES, BROWN & CO, PC Service code 10 · EIN 25-1589048 1210 13TH STREET · ALTOONA, PA 16601	Accounting	$7,760

Plan features & details

Pension benefit codes2G2L2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$520K

$1099 / participant

Investment mgmt$384K73.8%
Contract admin$136K26.2%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: YOUNG OAKES BROWN & CO PC
Auditor EIN: 251589048
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,519

$91,621+42.5%

$67,511+93.3%

$77,671+68.0%

Participation rate

97.9%

76.0%+21.9pp

72.9%+25.0pp

70.6%+27.3pp

Annual return

13.02%

14.87%-1.9pp

3517.41%-3504.4pp

31.21%-18.2pp

Employer contribution / active EE

$408

$3,184-87.2%

$2,733-85.1%

$2,726-85.0%

Participant deferral / active EE

$3,650

$3,906-6.6%

$4,000-8.8%

$4,648-21.5%

Admin fee / account holder

$531

$176+201.0%

$3,999-86.7%

$430+23.3%

Provider

Service type

Compensation

TIAA5 years

Service code 15 · EIN 13-1624203

730 THIRD AVENUE · NEW YORK, NY 10017

Recordkeeping

$91,838

CORNERSTONE ADVISORS ASSET MGMT6 years

Filed as: CORNERSTONE ADVISORS ASSET MGMT., I

Service code 28 · EIN 75-3204798

74 W BROAD ST STE 340 · BETHLEHM, PA 18018

Investment Management

$37,246

WITHUMSMITH+BROWN, PC5 years

Filed as: YOUNG, OAKES, BROWN & CO, PC

Service code 10 · EIN 25-1589048

1210 13TH STREET · ALTOONA, PA 16601

Accounting

$7,760

SAINT FRANCIS UNIVERSITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAINT FRANCIS UNIVERSITY 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