Retirement plan

UNIVERSITY OF VIRGINIA FOUNDATION DEFINED CONTRIBUTION PLAN

Name: UNIVERSITY OF VIRGINIA FOUNDATION - UNIVERSITY OF VIRGINIA FOUNDATION DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: UNIVERSITY OF VIRGINIA FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF VIRGINIA FOUNDATION DEFINED CONTRIBUTION PLAN, UNIVERSITY OF VIRGINIA FOUNDATION

UNIVERSITY OF VIRGINIA FOUNDATIONEIN 54-1682176Plan #001PY 2023

P.O. BOX 400218 - CHARLOTTESVILLE, VA 22904434-982-4847uvafoundation.comLinkedIn11-50 employeesreal estate

Other plans on this EIN

1 filing

#003Retirement-$1.7M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$19.6M

+20.8% from 2022

Total participants

+8.7% from 2022

Average account balance

$408,689

+15.8% from 2022

Annual return

16.65%

+30.71 pp from 2022

Benchmarks

See 4,117 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,117 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.07M

Not enough data

1 years with asset history on file

Average account balance

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

$471K

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.

136.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6564

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 codes2F2G2L3D

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.
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

$288K

$7570 / participant

Other / not subdivided$288K100.0%

% of EOY assets

1.466%

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

$408,689

$70,684+478.2%

$169,390+141.3%

$75,173+443.7%

Participation rate

94.7%

64.8%+29.9pp

77.2%+17.6pp

67.2%+27.5pp

Annual return

16.65%

36.38%-19.7pp

406.07%-389.4pp

160.72%-144.1pp

Employer contribution / active EE

$14,791

$2,211+569.0%

$4,013+268.6%

$2,671+453.8%

Participant deferral / active EE

$10,646

$4,310+147.0%

$6,222+71.1%

$4,126+158.0%

Admin fee / account holder

$5,993

$5,404+10.9%

$9,015-33.5%

$5,651+6.1%

UNIVERSITY OF VIRGINIA FOUNDATION DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF VIRGINIA FOUNDATION 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