Retirement plan

UNIVERSITY CIRCLE INCORPORATED RETIREMENT PLAN

Name: UNIVERSITY CIRCLE, INCORPORATED - UNIVERSITY CIRCLE INCORPORATED RETIREMENT PLAN (2023) Form 5500
Creator: UNIVERSITY CIRCLE, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY CIRCLE INCORPORATED RETIREMENT PLAN, UNIVERSITY CIRCLE, INCORPORATED

UNIVERSITY CIRCLE, INCORPORATEDEIN 34-0823464Plan #005PY 2023

10831 MAGNOLIA DR - CLEVELAND, OH 44106216-791-3900universitycircle.orgLinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

2 filings

#006Retirement-$576K assets #002Retirement-$38K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.2M

-3.0% from 2022

Total participants

+1.1% from 2022

Average account balance

$81,786

+7.2% from 2022

Annual return

14.17%

+28.88 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

$6.31M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

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.

149.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$305K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11438

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 codes2C2G2M2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

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

$1.4M

$29384 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.692%

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

$81,786

$57,330+42.7%

$86,656-5.6%

$75,177+8.8%

Participation rate

75.0%

63.2%+11.8pp

71.7%+3.3pp

67.2%+7.8pp

Annual return

14.17%

2675.40%-2661.2pp

593.09%-578.9pp

160.75%-146.6pp

Employer contribution / active EE

$5,183

$2,316+123.8%

$3,025+71.3%

$2,671+94.0%

Participant deferral / active EE

$1,220

$3,320-63.3%

$4,439-72.5%

$4,126-70.4%

Admin fee / account holder

$18,558

$4,115+351.0%

$5,619+230.3%

$5,651+228.4%

UNIVERSITY CIRCLE INCORPORATED RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY CIRCLE INCORPORATED 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