Retirement plan

UNIVERSITY OF VIRGINIA FOUNDATION DC CONTRIBUTORY PLAN

Name: UNIVERSITY OF VIRGINIA FOUNDATION - UNIVERSITY OF VIRGINIA FOUNDATION DC CONTRIBUTORY 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 DC CONTRIBUTORY PLAN, UNIVERSITY OF VIRGINIA FOUNDATION

UNIVERSITY OF VIRGINIA FOUNDATIONEIN 54-1682176Plan #003PY 2023

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

Other plans on this EIN

1 filing

#001Retirement-$19.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+12.7% from 2022

Total participants

+18.2% from 2022

Average account balance

$142,823

+3.3% from 2022

Annual return

13.66%

-4.88 pp from 2022

Benchmarks

See 19,270 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,270 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2J2L3D

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$61K

$5552 / participant

Other / not subdivided$61K100.0%

% of EOY assets

3.564%

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

$142,823

$202,463-29.5%

$169,397-15.7%

$139,487+2.4%

Participation rate

90.9%

81.1%+9.8pp

77.2%+13.7pp

80.3%+10.6pp

Annual return

13.66%

532.64%-519.0pp

406.23%-392.6pp

373.84%-360.2pp

Employer contribution / active EE

$1,370

$4,694-70.8%

$4,013-65.9%

$4,755-71.2%

Participant deferral / active EE

$2,893

$6,941-58.3%

$6,223-53.5%

$6,713-56.9%

Admin fee / account holder

$5,090

$10,726-52.6%

$9,017-43.6%

$11,407-55.4%

UNIVERSITY OF VIRGINIA FOUNDATION DC CONTRIBUTORY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF VIRGINIA FOUNDATION DC CONTRIBUTORY 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