Retirement plan

OBERLIN COLLEGE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN

Name: OBERLIN COLLEGE - OBERLIN COLLEGE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN (2023) Form 5500
Creator: OBERLIN COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OBERLIN COLLEGE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN, OBERLIN COLLEGE

OBERLIN COLLEGEEIN 34-0714363Plan #001PY 2023

173 WEST LORAIN STREET, 205 - OBERLIN, OH 44074440-775-5574oberlin.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed September 12, 2022 (most recent of 2 filings on file)

Plan administrator

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173 West Lorain Street, #205

Oberlin, OH 44074

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Plans declared (1)

457f1 emp

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Total assets (EOY)

$498.6M

-5.6% from 2016

Total participants

2,564

-0.8% from 2016

Average account balance

$209,869

-4.9% from 2016

Annual return

13.19%

-5.24 pp from 2016

Benchmarks

See 300 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort300 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$528.53M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

2,351

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES4 years Filed as: CBIZ INVESTMENT ADVISORY SVCS LLC Service code 28 · EIN 81-3968784	Investment Management	$57,812
TIAA3 years Service code 15 · EIN 13-1624203	Recordkeeping	$38,676
RSM US LLP3 years Service code 10 · EIN 42-0714325	Accounting	$26,000
AMERIPRISE FINANCIAL SERVICES INC4 years Filed as: AMERIPRISE FINANCIAL SERVICES, INC. Service code 50 · EIN 41-0973005	Direct Payment	$5,127

Plan features & details

Pension benefit codes2A2F2G2L2M2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$125K

$97 / participant

Investment mgmt$58K46.2%
Contract admin$39K30.9%
Other / not subdivided$29K22.9%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MALONEY + NOVOTNY, LLC
Auditor EIN: 340677006
Audit fees: $26,000
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,869

$105,179+99.5%

$64,110+227.4%

$80,187+161.7%

Participation rate

85.5%

73.5%+12.0pp

72.3%+13.1pp

72.9%+12.5pp

Annual return

13.19%

20.34%-7.1pp

33.75%-20.6pp

40.40%-27.2pp

Employer contribution / active EE

$4,691

$3,311+41.7%

$2,751+70.5%

$2,980+57.4%

Participant deferral / active EE

$5,337

$4,020+32.7%

$3,883+37.4%

$5,016+6.4%

Admin fee / account holder

$53

$113-53.5%

$3,071-98.3%

$145-63.7%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES4 years

Filed as: CBIZ INVESTMENT ADVISORY SVCS LLC

Service code 28 · EIN 81-3968784

Investment Management

$57,812

TIAA3 years

Service code 15 · EIN 13-1624203

Recordkeeping

$38,676

RSM US LLP3 years

Service code 10 · EIN 42-0714325

Accounting

$26,000

AMERIPRISE FINANCIAL SERVICES INC4 years

Filed as: AMERIPRISE FINANCIAL SERVICES, INC.

Service code 50 · EIN 41-0973005

Direct Payment

$5,127

OBERLIN COLLEGE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OBERLIN COLLEGE DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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