Retirement plan

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401K PLAN

Name: NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES - NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401K PLAN (2020) 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 401K PLAN, NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIESEIN 52-1125164Plan #003PY 2020

1025 CONNECTICUT AVE NW, SUITE 700 - WASHINGTON, DC 200365405202-785-8866nais.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10M

+11.4% from 2019

Total participants

+4.2% from 2019

Average account balance

$400,290

+6.9% from 2019

Annual return

14.67%

-3.01 pp from 2019

Benchmarks

See 6,199 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,199 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.06M

Not enough data

1 years with asset history on file

Average account balance

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

$353K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$555K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195341

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 codes2E2F2G2J2T3D

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

$847K

$42367 / participant

Other / not subdivided$847K100.0%

% of EOY assets

8.467%

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

$400,290

$81,643+390.3%

$70,462+468.1%

$158,950+151.8%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

14.67%

208.51%-193.8pp

109.08%-94.4pp

302.91%-288.2pp

Employer contribution / active EE

$15,337

$3,218+376.6%

$2,737+460.3%

$4,762+222.1%

Participant deferral / active EE

$11,673

$4,555+156.3%

$3,710+214.7%

$5,983+95.1%

Admin fee / account holder

$33,894

$6,194+447.2%

$3,845+781.4%

$11,248+201.3%

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES 401K 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