Retirement plan

UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN

Name: UNIVERSITY OF MOUNT UNION - UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN (2019) Form 5500
Creator: UNIVERSITY OF MOUNT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN, UNIVERSITY OF MOUNT UNION

UNIVERSITY OF MOUNT UNIONEIN 34-0714687Plan #002PY 2019

1972 CLARK AVE - ALLIANCE, OH 44601330-823-6572mountunion.eduLinkedIn201-500 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$85.9M

+15.7% from 2018

Total participants

904

+3.1% from 2018

Average account balance

$97,350

+11.6% from 2018

Annual return

17.85%

+21.18 pp from 2018

Benchmarks

See 946 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort946 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$103.29M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

813

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 2 by compensation

Provider	Service type	Compensation
PLANPILOT, LLC2+ years Filed as: PLAN PILOT LLC Service code 51 · EIN 45-4168388	Investment Mgmt Fees	$22,028
TIAA2+ years Filed as: TIAA - TEACHERS INSURANCE Service code 51 · EIN 13-1624203	Investment Mgmt Fees	$13,285

Plan features & details

Pension benefit codes2F2G2L2M2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$182K

$399 / participant

Other / not subdivided$182K100.0%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

0 / 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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,350

$95,542+1.9%

$69,483+40.1%

$67,582+44.0%

Participation rate

95.2%

79.4%+15.8pp

74.6%+20.6pp

71.3%+23.9pp

Annual return

17.85%

17.67%+0.2pp

28.99%-11.1pp

378.57%-360.7pp

Employer contribution / active EE

$4,921

$2,989+64.6%

$2,780+77.0%

$2,148+129.1%

Participant deferral / active EE

$1,997

$3,263-38.8%

$3,537-43.5%

$3,539-43.6%

Admin fee / account holder

$206

$90+129.2%

$3,841-94.6%

$142+44.7%

Provider

Service type

Compensation

PLANPILOT, LLC2+ years

Filed as: PLAN PILOT LLC

Service code 51 · EIN 45-4168388

Investment Mgmt Fees

$22,028

TIAA2+ years

Filed as: TIAA - TEACHERS INSURANCE

Service code 51 · EIN 13-1624203

Investment Mgmt Fees

$13,285

UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION 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