Retirement plan

MIDWESTERN UNIVERSITY RETIREMENT PLAN

Name: MIDWESTERN UNIVERSITY - MIDWESTERN UNIVERSITY RETIREMENT PLAN (2020) Form 5500
Creator: MIDWESTERN UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWESTERN UNIVERSITY RETIREMENT PLAN, MIDWESTERN UNIVERSITY

MIDWESTERN UNIVERSITYEIN 36-3377698Plan #002PY 2020

555 31ST STREET - DOWNERS GROVE, IL 60515630-515-6119midwestern.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$362.6M

-12.9% from 2016

Total participants

2,602

-9.1% from 2016

Average account balance

$140,756

-4.2% from 2016

Annual return

14.98%

-4.50 pp from 2016

Benchmarks

See 263 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort263 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$507.68M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

2,812

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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 3 by compensation

Provider	Service type	Compensation
TIAA1 year Service code 27 · EIN 13-1624203	Advisory (Plan)	$130,431
VOYA RETIREMENT INSURANCE & ANNUITY4 years Filed as: RELIASTAR LIFE INS. CO. Service code 64 · EIN 41-0451140	Recordkeeping Fees	$1,286
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 50 · EIN 04-2647786	Direct Payment	$72

Plan features & details

Pension benefit codes2F2G2L2T

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.
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

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$131K

$82 / participant

Other / not subdivided$131K100.0%

% of EOY assets

0.036%

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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,756

$105,581+33.3%

$70,492+99.7%

$90,274+55.9%

Participation rate

98.4%

77.5%+20.8pp

75.1%+23.3pp

73.4%+25.0pp

Annual return

14.98%

14.78%+0.2pp

109.16%-94.2pp

53.97%-39.0pp

Employer contribution / active EE

$9,383

$3,304+184.0%

$2,738+242.6%

$2,523+271.8%

Participant deferral / active EE

$6,806

$3,813+78.5%

$3,711+83.4%

$4,231+60.9%

Admin fee / account holder

$51

$68-25.0%

$3,848-98.7%

$114-55.6%

Provider

Service type

Compensation

TIAA1 year

Service code 27 · EIN 13-1624203

Advisory (Plan)

$130,431

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Filed as: RELIASTAR LIFE INS. CO.

Service code 64 · EIN 41-0451140

Recordkeeping Fees

$1,286

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 50 · EIN 04-2647786

Direct Payment

$72

MIDWESTERN UNIVERSITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWESTERN UNIVERSITY 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