Retirement plan

UND ALUMNI ASSOCIATION AND FOUNDATION RETIREMENT PLAN

Name: UND ALUMNI ASSOCIATION AND FOUNDATION - UND ALUMNI ASSOCIATION AND FOUNDATION RETIREMENT PLAN (2023) Form 5500
Creator: UND ALUMNI ASSOCIATION AND FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UND ALUMNI ASSOCIATION AND FOUNDATION RETIREMENT PLAN, UND ALUMNI ASSOCIATION AND FOUNDATION

UND ALUMNI ASSOCIATION AND FOUNDATIONEIN 34-0348296Plan #002PY 2023

PO BOX 8157 - GRAND FORKS, ND 58202701-777-3872

Other plans on this EIN

1 filing

#001Retirement-$823K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11M

+8.5% from 2022

Total participants

107

+2.9% from 2022

Average account balance

$103,042

+5.4% from 2022

Annual return

14.66%

+30.14 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.82M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

112

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.

164.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7115

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 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

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

$1.5M

$23497 / participant

Other / not subdivided$2M100.0%

% of EOY assets

13.852%

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

$103,042

$57,330+79.7%

$86,656+18.9%

$75,177+37.1%

Participation rate

100.0%

63.2%+36.8pp

71.7%+28.3pp

67.2%+32.8pp

Annual return

14.66%

2675.40%-2660.7pp

593.09%-578.4pp

160.75%-146.1pp

Employer contribution / active EE

$6,290

$2,316+171.5%

$3,025+107.9%

$2,671+135.5%

Participant deferral / active EE

$6,916

$3,320+108.3%

$4,439+55.8%

$4,126+67.6%

Admin fee / account holder

$14,274

$4,115+246.9%

$5,619+154.0%

$5,651+152.6%

UND ALUMNI ASSOCIATION AND FOUNDATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UND ALUMNI ASSOCIATION AND FOUNDATION 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