Retirement plan

JOHNS HOPKINS UNIVERSITY 403(B) PLAN

Name: JOHNS HOPKINS UNIVERSITY OFFICE OF BENEFITS SERVICES - JOHNS HOPKINS UNIVERSITY 403(B) PLAN (2016) Form 5500
Creator: JOHNS HOPKINS UNIVERSITY OFFICE OF BENEFITS SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHNS HOPKINS UNIVERSITY 403(B) PLAN, JOHNS HOPKINS UNIVERSITY OFFICE OF BENEFITS SERVICES

JOHNS HOPKINS UNIVERSITY OFFICE OF BENEFITS SERVICESEIN 52-0595110Plan #003PY 2016

1101 E. 33RD STREET, SUITE C-020 - BALTIMORE, MD 21218410-516-2000

Other plans on this EIN

3 filings

#002Retirement-$454.2M assets #001Retirement-$72.1M assets #005Retirement-$41.6M assets

Prospect flagsLow returnsLow participation

Top hat statement on fileNQDC

Filed August 31, 2022 (most recent of 3 filings on file)

Plan administrator

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1101 E. 33rd St Suite C020

Baltimore, MD 21218

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Plans declared (6)

Johns Hopkins University Supplemental Retirement Plan for Faculty, Officers and Senior Staff495 emp
The Johns Hopkins University 457(b) Deferred Compensation Plan462 emp
Johns Hopkins University Grandfathered 457 Deferred Compensation Plan30 emp
The Johns Hopkins University Pre-86 Deferred Compensation Plan for Former Employees of Johns Hopkins Bayview Physicians10 emp
The Johns Hopkins Medical Services Deferred Compensation Plan1 emp
+1 more

Total covered: 1,021 employees

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Total assets (EOY)

$4328.6M

No prior year

Total participants

38,348

No prior year

Average account balance

$159,692

No prior year

Annual return

0.78%

No prior year

Benchmarks

See 35 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants>=10,000

Cohort35 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.79B

Not enough data

1 years with asset history on file

Average account balance

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

$255K

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.

34,521

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$358.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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 3 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$59,637
TIAA1+ years Service code 28 · EIN 13-1624203	Investment Management	$4,059
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INV. INST. OPERATIONS CO. Service code 37 · EIN 04-2647786	Loan Processing	-$916,358

Plan features & details

Pension benefit codes2A2F2G2L2M

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).
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$64K

$3 / participant

Investment mgmt$64K100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,692

$89,117+79.2%

$57,179+179.3%

$329,111-51.5%

Participation rate

52.6%

67.2%-14.7pp

75.3%-22.8pp

67.9%-15.3pp

Annual return

0.78%

7.87%-7.1pp

14.59%-13.8pp

16.35%-15.6pp

Employer contribution / active EE

$5,136

$4,034+27.3%

$2,682+91.5%

$2,303+123.0%

Participant deferral / active EE

$3,761

$3,328+13.0%

$3,096+21.5%

$3,682+2.2%

Admin fee / account holder

$21-88.9%

$3,139-99.9%

$754-99.7%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$59,637

TIAA1+ years

Service code 28 · EIN 13-1624203

Investment Management

$4,059

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INV. INST. OPERATIONS CO.

Service code 37 · EIN 04-2647786

Loan Processing

-$916,358

JOHNS HOPKINS UNIVERSITY 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHNS HOPKINS UNIVERSITY 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

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