Retirement plan

UNIVERSITY OF VIRGINIA PATENT FOUNDATION 403B RETIREMENT PLAN

Name: UNIVERSITY OF VIRGINIA PATENT FOUNDATION - UNIVERSITY OF VIRGINIA PATENT FOUNDATION 403B RETIREMENT PLAN (2017) Form 5500
Creator: UNIVERSITY OF VIRGINIA PATENT FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF VIRGINIA PATENT FOUNDATION 403B RETIREMENT PLAN, UNIVERSITY OF VIRGINIA PATENT FOUNDATION

UNIVERSITY OF VIRGINIA PATENT FOUNDATIONEIN 54-1045487Plan #001PY 2017

722 PRESTON AVENUE, SUITE 107 - CHARLOTTESVILLE, VA 229034400434-982-1921

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+5.5% from 2016

Total participants

+18.8% from 2016

Average account balance

$198,942

-1.1% from 2016

Annual return

12.73%

+13.61 pp from 2016

Benchmarks

See 114,324 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,324 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.53M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

161.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$408K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$489

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 codes2F2G2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$455K

$28412 / participant

Other / not subdivided$455K100.0%

% of EOY assets

14.282%

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

$198,942

$150,447+32.2%

$136,298+46.0%

$147,586+34.8%

Participation rate

81.3%

84.4%-3.2pp

81.9%-0.7pp

82.8%-1.6pp

Annual return

12.73%

1049.15%-1036.4pp

5156.27%-5143.5pp

578.59%-565.9pp

Employer contribution / active EE

$10,380

$5,256+97.5%

$4,696+121.1%

$4,876+112.9%

Participant deferral / active EE

$4,276

$6,631-35.5%

$6,247-31.6%

$5,439-21.4%

Admin fee / account holder

$28,412

$10,906+160.5%

$9,244+207.4%

$10,886+161.0%

UNIVERSITY OF VIRGINIA PATENT FOUNDATION 403B RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF VIRGINIA PATENT FOUNDATION 403B 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