Retirement plan

WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION PLAN

Name: WASHINGTON AND LEE UNIVERSITY - WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION PLAN (2021) Form 5500
Creator: WASHINGTON AND LEE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION PLAN, WASHINGTON AND LEE UNIVERSITY

WASHINGTON AND LEE UNIVERSITYEIN 54-0505977Plan #001PY 2021

204 WEST WASHINGTON STREET - LEXINGTON, VA 24450540-458-8920wlu.eduLinkedIn501-1000 employeeshigher education

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$420.9M

-6.3% from 2016

Total participants

2,218

-2.3% from 2016

Average account balance

$383,289

-4.3% from 2016

Annual return

13.45%

-5.90 pp from 2016

Benchmarks

See 270 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort270 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$436.88M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

2,061

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 5 by compensation

Provider	Service type	Compensation
TIAA1 year Service code 99 · EIN 13-1624203	Other Fees	$108,127
CAPFINANCIAL PARTNERS LLC7+ years Service code 99 · EIN 26-0058143	Other Fees	$105,961
INSERO & CO. CPAS, LLP7+ years Filed as: INSERO AND CO. CPAS,LLP Service code 99 · EIN 47-5324570	Other Fees	$11,500
THE ANGELL PENSION GROUP, INC.7+ years Service code 99 · EIN 04-2530412	Other Fees	$5,688
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Filed as: FIDELITY INV INST OPER COMPANY, INC Service code 16 · EIN 04-2647786	Consulting	$788

Plan features & details

Pension benefit codes2F2G2K2L2M

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$232K

$192 / participant

Contract admin$232K100.0%

% of EOY assets

0.055%

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: INSERO AND CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$383,289

$120,057+219.3%

$75,728+406.1%

$93,010+312.1%

Participation rate

7.4%

77.3%-69.9pp

74.8%-67.5pp

73.9%-66.5pp

Annual return

13.45%

19.62%-6.2pp

104.66%-91.2pp

158.70%-145.3pp

Employer contribution / active EE

$4,931

$3,253+51.6%

$2,743+79.7%

$2,705+82.3%

Participant deferral / active EE

$5,483

$4,089+34.1%

$3,820+43.5%

$4,561+20.2%

Admin fee / account holder

$211

$81+159.6%

$3,620-94.2%

$152+39.4%

Provider

Service type

Compensation

TIAA1 year

Service code 99 · EIN 13-1624203

Other Fees

$108,127

CAPFINANCIAL PARTNERS LLC7+ years

Service code 99 · EIN 26-0058143

Other Fees

$105,961

INSERO & CO. CPAS, LLP7+ years

Filed as: INSERO AND CO. CPAS,LLP

Service code 99 · EIN 47-5324570

Other Fees

$11,500

THE ANGELL PENSION GROUP, INC.7+ years

Service code 99 · EIN 04-2530412

Other Fees

$5,688

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Filed as: FIDELITY INV INST OPER COMPANY, INC

Service code 16 · EIN 04-2647786

Consulting

$788

WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION 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