Retirement plan

NORTHWESTERN HEALTH SCIENCES UNIVERSITY DEFINED CONTRIBUTION PLAN

Name: NORTHWESTERN HEALTH SCIENCES UNIVERSITY - NORTHWESTERN HEALTH SCIENCES UNIVERSITY DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: NORTHWESTERN HEALTH SCIENCES UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWESTERN HEALTH SCIENCES UNIVERSITY DEFINED CONTRIBUTION PLAN, NORTHWESTERN HEALTH SCIENCES UNIVERSITY

NORTHWESTERN HEALTH SCIENCES UNIVERSITYEIN 41-0684657Plan #001PY 2024

2501 WEST 84TH STREET - BLOOMINGTON, MN 55431952-888-4777LinkedIn1-10 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$41.5M

+7.8% from 2023

Total participants

459

-3.6% from 2023

Average account balance

$101,084

+13.5% from 2023

Annual return

12.01%

-3.11 pp from 2023

Benchmarks

See 1,581 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,581 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.55M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

411

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$106,168
MMA SECURITIES LLC7 years Service code 27 · EIN 22-3570392	Advisory (Plan)	$48,977
TAX SHELTERED COMPENSATION, INC.10+ years Service code 13 · EIN 41-0955056	Contract Administrator	$24,291

Plan features & details

Pension benefit codes2A2E2F2G2L2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

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

$108K

$467 / participant

Contract admin$108K100.0%

% of EOY assets

0.261%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,084

$69,745+44.9%

$67,511+49.7%

$74,546+35.6%

Participation rate

79.3%

71.3%+8.0pp

72.9%+6.4pp

67.2%+12.1pp

Annual return

12.01%

-40.37%+52.4pp

3517.41%-3505.4pp

1366.03%-1354.0pp

Employer contribution / active EE

$2,500

$2,705-7.6%

$2,733-8.5%

$2,624-4.8%

Participant deferral / active EE

$6,176

$3,636+69.9%

$4,000+54.4%

$4,347+42.1%

Admin fee / account holder

$263

$894-70.5%

$3,999-93.4%

$1,944-86.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$106,168

MMA SECURITIES LLC7 years

Service code 27 · EIN 22-3570392

Advisory (Plan)

$48,977

TAX SHELTERED COMPENSATION, INC.10+ years

Service code 13 · EIN 41-0955056

Contract Administrator

$24,291

NORTHWESTERN HEALTH SCIENCES UNIVERSITY DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWESTERN HEALTH SCIENCES UNIVERSITY DEFINED CONTRIBUTION 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