Retirement plan

WALSH COLLEGE TAX-SHELTERED ANNUITY PLAN

Name: WALSH COLLEGE - WALSH COLLEGE TAX-SHELTERED ANNUITY PLAN (2023) Form 5500
Creator: WALSH COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALSH COLLEGE TAX-SHELTERED ANNUITY PLAN, WALSH COLLEGE

WALSH COLLEGEEIN 38-1308480Plan #002PY 2023

3838 LIVERNOIS ROAD - TROY, MI 48083248-689-8282walshcollege.eduLinkedIn51-200 employeeshigher education

Other plans on this EIN

1 filing

#001Retirement-$7.5M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.1M

+4.1% from 2022

Total participants

316

-21.0% from 2022

Average account balance

$109,152

+66.7% from 2022

Annual return

16.04%

+30.65 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.37M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

192

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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 6 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RECOURCES INVESTMENT ADVISORS LLC Service code 28 · EIN 43-1451524	Investment Management	$37,801
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS COMPANY OF AMER Service code 64 · EIN 84-0467907	Recordkeeping Fees	$16,911
WATKINS ROSS1 year Filed as: WATKINS ROSS CO Service code 13 · EIN 38-1477362	Contract Administrator	$6,181
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INV. INST. OPS. CO., INC. Service code 64 · EIN 04-2647786	Recordkeeping Fees	$1,165
TIAA7 years Service code 15 · EIN 13-1624203	Recordkeeping	$0
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 12 · EIN 13-3689044	Float revenue; Finders' fees / placem...	$0

Plan features & details

Pension benefit codes2E2F2G2K2L2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$59K

$280 / participant

Investment mgmt$59K100.0%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

1 / 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

$109,152

$65,582+66.4%

$64,101+70.3%

$71,511+52.6%

Participation rate

67.9%

73.2%-5.3pp

72.3%-4.4pp

67.9%0pp

Annual return

16.04%

18.96%-2.9pp

33.72%-17.7pp

28.86%-12.8pp

Employer contribution / active EE

$3,376

$2,671+26.4%

$2,749+22.8%

$2,589+30.4%

Participant deferral / active EE

$3,343

$3,628-7.9%

$3,881-13.9%

$4,291-22.1%

Admin fee / account holder

$239

$616-61.2%

$3,070-92.2%

$1,588-84.9%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RECOURCES INVESTMENT ADVISORS LLC

Service code 28 · EIN 43-1451524

Investment Management

$37,801

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS COMPANY OF AMER

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$16,911

WATKINS ROSS1 year

Filed as: WATKINS ROSS CO

Service code 13 · EIN 38-1477362

Contract Administrator

$6,181

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INV. INST. OPS. CO., INC.

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$1,165

TIAA7 years

Service code 15 · EIN 13-1624203

Recordkeeping

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 12 · EIN 13-3689044

Float revenue; Finders' fees / placem...

WALSH COLLEGE TAX-SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALSH COLLEGE TAX-SHELTERED ANNUITY 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