Retirement plan

UNIVERSITY OF MARY EMPLOYEE RETIREMENT PLAN

Name: UNIVERSITY OF MARY - UNIVERSITY OF MARY EMPLOYEE RETIREMENT PLAN (2024) Form 5500
Creator: UNIVERSITY OF MARY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF MARY EMPLOYEE RETIREMENT PLAN, UNIVERSITY OF MARY

UNIVERSITY OF MARYEIN 45-0273403Plan #001PY 2024

7500 UNIVERSITY DR - BISMARCK, ND 58504701-355-8245umary.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$71.7M

+13.5% from 2023

Total participants

788

+2.5% from 2023

Average account balance

$102,475

+12.9% from 2023

Annual return

14.14%

-3.31 pp from 2023

Benchmarks

See 954 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort954 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.73M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

700

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.

80.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.14M

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

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 2 by compensation

Provider	Service type	Compensation
BRAVERA WEALTH4 years Service code 15 · EIN 45-0436653 401 N 4TH ST · BISMARCK, ND 58501	Recordkeeping	$181,700
TIAA4 years Filed as: TIAA - TEACHERS INSURANCE & ANNUITY Service code 49 · EIN 13-1624203 730 3RD AVE · NEW YORK, NY 100173206	Other Services	$0

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

$182K

$395 / participant

Recordkeeping$79K43.2%
Investment mgmt$79K43.2%
Contract admin$25K13.5%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,475

$91,680+11.8%

$67,524+51.8%

$77,692+31.9%

Participation rate

80.9%

76.0%+4.9pp

72.9%+8.0pp

70.6%+10.3pp

Annual return

14.14%

14.87%-0.7pp

3519.41%-3505.3pp

31.25%-17.1pp

Employer contribution / active EE

$4,014

$3,186+26.0%

$2,734+46.8%

$2,726+47.2%

Participant deferral / active EE

$4,997

$3,909+27.8%

$4,001+24.9%

$4,648+7.5%

Admin fee / account holder

$260

$176+47.3%

$4,001-93.5%

$431-39.7%

Provider

Service type

Compensation

BRAVERA WEALTH4 years

Service code 15 · EIN 45-0436653

401 N 4TH ST · BISMARCK, ND 58501

Recordkeeping

$181,700

TIAA4 years

Filed as: TIAA - TEACHERS INSURANCE & ANNUITY

Service code 49 · EIN 13-1624203

730 3RD AVE · NEW YORK, NY 100173206

Other Services

UNIVERSITY OF MARY EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF MARY EMPLOYEE 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