Retirement plan

INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. 403(B) DC PLAN

Name: INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. - INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. 403(B) DC PLAN (2017) Form 5500
Creator: INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. 403(B) DC PLAN, INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC.

INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC.EIN 31-0901001Plan #001PY 2017

30 SOUTH MERIDIAN STREET, SUITE 800 - INDIANAPOLIS, IN 46204317-236-6084icindiana.orgLinkedIn1-10 employeeshigher education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.6M

+3.5% from 2016

Total participants

-6.7% from 2016

Average account balance

$85,864

+15.0% from 2016

Annual return

34.99%

-6.36 pp from 2016

Benchmarks

See 5,614 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,614 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2L3D

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.
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

$729K

$104201 / participant

Other / not subdivided$729K100.0%

% of EOY assets

28.316%

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

$85,864

$73,546+16.7%

$63,018+36.3%

$147,587-41.8%

Participation rate

100.0%

77.9%+22.1pp

74.8%+25.2pp

82.8%+17.2pp

Annual return

34.99%

175.56%-140.6pp

87.63%-52.6pp

578.60%-543.6pp

Employer contribution / active EE

$8,554

$3,324+157.4%

$2,761+209.8%

$4,876+75.4%

Participant deferral / active EE

$9,750

$4,185+133.0%

$3,330+192.8%

$5,439+79.3%

Admin fee / account holder

$24,313

$5,956+308.2%

$3,601+575.2%

$10,886+123.4%

INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT COLLEGES OF INDIANA ASSOCIATION, INC. 403(B) DC 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