Retirement plan

DOANE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: DOANE UNIVERSITY - DOANE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2020) Form 5500
Creator: DOANE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOANE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, DOANE UNIVERSITY

DOANE UNIVERSITYEIN 47-0377991Plan #001PY 2020

1014 BOSWELL AVE - CRETE, NE 68333402-826-2161

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$43.5M

+10.2% from 2019

Total participants

649

-3.7% from 2019

Average account balance

$85,900

+8.2% from 2019

Annual return

13.18%

-3.51 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

$47.74M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

505

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$74,516
MARINER LLC2 years Filed as: MARINER RETIREMENT ADVISORS Service code 27 · EIN 61-1740806	Advisory (Plan)	$36,235
GOLDLEAF PARTNERS3 years Filed as: GOLDLEAF PARTNERS SERVICES, INC. Service code 13 · EIN 45-0514557 8009 34TH AVENUE SOUTH, SUITE 320 · MINNEAPOLIS, MN 55425	Contract Administrator	$1,600
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$336

Plan features & details

Pension benefit codes2A2E2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$75K

$184 / participant

Contract admin$75K100.0%

% of EOY assets

0.171%

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: DANA F. COLE & COMPANY, LLP
Auditor EIN: 470526649
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,900

$84,948+1.1%

$70,462+21.9%

$73,412+17.0%

Participation rate

64.6%

79.9%-15.3pp

75.1%-10.5pp

72.2%-7.6pp

Annual return

13.18%

13.39%-0.2pp

109.08%-95.9pp

59.30%-46.1pp

Employer contribution / active EE

$2,044

$2,834-27.9%

$2,737-25.3%

$2,234-8.5%

Participant deferral / active EE

$2,706

$3,387-20.1%

$3,710-27.0%

$3,806-28.9%

Admin fee / account holder

$147

$98+50.1%

$3,845-96.2%

$158-6.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$74,516

MARINER LLC2 years

Filed as: MARINER RETIREMENT ADVISORS

Service code 27 · EIN 61-1740806

Advisory (Plan)

$36,235

GOLDLEAF PARTNERS3 years

Filed as: GOLDLEAF PARTNERS SERVICES, INC.

Service code 13 · EIN 45-0514557

8009 34TH AVENUE SOUTH, SUITE 320 · MINNEAPOLIS, MN 55425

Contract Administrator

$1,600

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

$336

DOANE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOANE UNIVERSITY DEFINED CONTRIBUTION 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