Retirement plan

BAKER COLLEGE EMPLOYEES' PENSION TRUST

Name: BAKER COLLEGE PROFESSIONAL SERVICES - BAKER COLLEGE EMPLOYEES' PENSION TRUST (2020) Form 5500
Creator: BAKER COLLEGE PROFESSIONAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKER COLLEGE EMPLOYEES' PENSION TRUST, BAKER COLLEGE PROFESSIONAL SERVICES

BAKER COLLEGE PROFESSIONAL SERVICESEIN 38-3043861Plan #003PY 2020

BAKER COLLEGE SYSTEM HEADQRTRS., 1020 S. WASHINGTON STREET - OWOSSO, MI 48867989-729-3350LinkedIn201-500 employeese-learning

Other plans on this EIN

1 filing

#004Retirement-$7.2M assets

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed August 11, 2020

Plan administrator

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1020 S Washington St

Owosso, MI 48867

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Plans declared (1)

Baker College Deferred Compensation2 emp

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Total assets (EOY)

$90.9M

+5.3% from 2019

Total participants

1,158

-5.9% from 2019

Average account balance

$81,470

+12.0% from 2019

Annual return

10.72%

+9.35 pp from 2019

Benchmarks

See 929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort929 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.86M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

896

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$12,913
CHARLES SCHWAB & CO., INC.4 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$7
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DELAWARE INVESTMENTS3 years Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO1 year Service code 52 · EIN 84-1120195	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2K2R3D2T

Plan features

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$20 / participant

Contract admin$13K100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

1 / 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: LEWIS AND KNOPF
Auditor EIN: 383205662
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,470

$84,948-4.1%

$70,494+15.6%

$73,412+11.0%

Participation rate

93.3%

79.9%+13.4pp

75.1%+18.3pp

72.2%+21.2pp

Annual return

10.72%

13.39%-2.7pp

109.16%-98.4pp

59.30%-48.6pp

Employer contribution / active EE

$4,462

$2,834+57.5%

$2,738+63.0%

$2,234+99.8%

Participant deferral / active EE

$3,387-100.0%

$3,711-100.0%

$3,806-100.0%

Admin fee / account holder

$12

$98-88.3%

$3,848-99.7%

$158-92.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$12,913

CHARLES SCHWAB & CO., INC.4 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DELAWARE INVESTMENTS3 years

Service code 52 · EIN 23-2651520

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO1 year

Service code 52 · EIN 84-1120195

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

BAKER COLLEGE EMPLOYEES' PENSION TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKER COLLEGE EMPLOYEES' PENSION TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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