Retirement plan

UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN

Name: UNIVERSITY OF MOUNT UNION - UNIVERSITY OF MOUNT UNION DEFINED CONTRIBUTION RETIREMENT PLAN (2024) 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 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$103.3M

+8.1% from 2023

Total participants

831

-1.7% from 2023

Average account balance

$127,054

+9.0% from 2023

Annual return

11.71%

-1.90 pp from 2023

Benchmarks

See 954 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort954 peers

Snapshot2024

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 1 by compensation

Provider	Service type	Compensation
TIAA5 years Service code 64 · EIN 13-1624203	Recordkeeping Fees	$90,711

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$90K

$241 / participant

Recordkeeping$16K17.5%
Contract admin$75K82.5%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,054

$91,680+38.6%

$67,524+88.2%

$77,692+63.5%

Participation rate

95.2%

76.0%+19.2pp

72.9%+22.3pp

70.6%+24.6pp

Annual return

11.71%

14.87%-3.2pp

3519.41%-3507.7pp

31.25%-19.5pp

Employer contribution / active EE

$4,557

$3,186+43.0%

$2,734+66.7%

$2,726+67.2%

Participant deferral / active EE

$2,538

$3,909-35.1%

$4,001-36.6%

$4,648-45.4%

Admin fee / account holder

$111

$176-37.0%

$4,001-97.2%

$431-74.2%

Provider

Service type

Compensation

TIAA5 years

Service code 64 · EIN 13-1624203

Recordkeeping Fees

$90,711

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