Retirement plan

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401(K) PLAN

Name: NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES - NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401(K) PLAN (2024) Form 5500
Creator: NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401(K) PLAN, NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIESEIN 52-1125164Plan #003PY 2024

1025 CONNECTICUT AVE NW, SUITE 700 - WASHINGTON, DC 20036202-785-8866nais.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$9.3M

+6.1% from 2023

Total participants

+4.5% from 2023

Average account balance

$443,334

+11.1% from 2023

Annual return

10.01%

-3.66 pp from 2023

Benchmarks

See 8,041 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,041 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.31M

Not enough data

1 years with asset history on file

Average account balance

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

$443K

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.

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$667K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+10.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49442

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D2T

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$51914 / participant

Other / not subdivided$1M100.0%

% of EOY assets

11.152%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$443,334

$72,465+511.8%

$67,575+556.1%

$145,884+203.9%

Participation rate

90.0%

76.9%+13.1pp

72.9%+17.1pp

80.3%+9.7pp

Annual return

10.01%

7222.56%-7212.5pp

3528.98%-3519.0pp

551.85%-541.8pp

Employer contribution / active EE

$17,383

$3,074+465.6%

$2,736+535.5%

$4,662+272.8%

Participant deferral / active EE

$15,974

$4,786+233.8%

$4,003+299.0%

$6,690+138.8%

Admin fee / account holder

$49,442

$5,515+796.4%

$3,993+1138.2%

$13,392+269.2%

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401(K) 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