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 (2019) 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 2019

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)

$3.3M

+3.5% from 2016

Total participants

-6.7% from 2016

Average account balance

$92,618

+15.0% from 2016

Annual return

21.63%

-6.36 pp from 2016

Benchmarks

See 6,050 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,050 peers

Snapshot2019

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

$56K

$5102 / participant

Other / not subdivided$56K100.0%

% of EOY assets

1.683%

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

$92,618

$77,443+19.6%

$69,480+33.3%

$152,914-39.4%

Participation rate

100.0%

78.1%+21.9pp

74.6%+25.4pp

82.5%+17.5pp

Annual return

21.63%

39.09%-17.5pp

28.99%-7.4pp

345.48%-323.8pp

Employer contribution / active EE

$8,336

$3,316+151.4%

$2,780+199.9%

$4,764+75.0%

Participant deferral / active EE

$10,874

$4,415+146.3%

$3,537+207.5%

$5,852+85.8%

Admin fee / account holder

$1,559

$6,208-74.9%

$3,840-59.4%

$11,601-86.6%

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