Retirement plan

HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN

Name: HILLSDALE COLLEGE - HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: HILLSDALE COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN, HILLSDALE COLLEGE

HILLSDALE COLLEGEEIN 38-1374230Plan #001PY 2024

33 E. COLLEGE STREET - HILLSDALE, MI 49242517-607-2341hillsdale.eduLinkedIn201-500 employeeshigher education

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 18, 2010 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$205.4M

+15.0% from 2023

Total participants

1,262

+1.3% from 2023

Average account balance

$163,521

+6.3% from 2023

Annual return

13.42%

-3.25 pp from 2023

Benchmarks

See 951 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort951 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$205.38M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

1,256

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$275

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TIAA2 years Filed as: TIAA-CREF Service code 64 · EIN 13-1624203	Recordkeeping Fees	$1,503,774
TFO-TDC, LLC10+ years Filed as: TFO-TDC LLC Service code 16 · EIN 21-1017513	Consulting	$241,121
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Claims processing; Recordkeeping and ...	$98,322
THE VANGUARD GROUP, INC.6 years Filed as: VANGUARD Service code 50 · EIN 23-2186884	Direct Payment	$4,892
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY INV INSTITUTIONAL OP Service code 64 · EIN 04-2647786	Recordkeeping Fees	$1,530
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

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.
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.
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

$346K

$414 / participant

Recordkeeping$98K28.4%
Investment mgmt$241K69.7%
Contract admin$6K1.9%

% of EOY assets

0.168%

all-in expense ratio

Categories reported

3 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,521

$91,695+78.3%

$67,575+142.0%

$77,736+110.4%

Participation rate

99.3%

76.0%+23.3pp

72.9%+26.4pp

70.6%+28.7pp

Annual return

13.42%

14.88%-1.5pp

3528.98%-3515.6pp

31.26%-17.8pp

Employer contribution / active EE

$6,906

$3,189+116.5%

$2,736+152.4%

$2,728+153.2%

Participant deferral / active EE

$5,849

$3,912+49.5%

$4,003+46.1%

$4,651+25.8%

Admin fee / account holder

$275

$245+12.5%

$3,993-93.1%

$433-36.4%

Provider

Service type

Compensation

TIAA2 years

Filed as: TIAA-CREF

Service code 64 · EIN 13-1624203

Recordkeeping Fees

$1,503,774

TFO-TDC, LLC10+ years

Filed as: TFO-TDC LLC

Service code 16 · EIN 21-1017513

Consulting

$241,121

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Claims processing; Recordkeeping and ...

$98,322

THE VANGUARD GROUP, INC.6 years

Filed as: VANGUARD

Service code 50 · EIN 23-2186884

Direct Payment

$4,892

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY INV INSTITUTIONAL OP

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$1,530

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

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