Retirement plan

GARDNER-WEBB UNIVERSITY PENSION PLAN

Name: GARDNER-WEBB UNIVERSITY , INC. - GARDNER-WEBB UNIVERSITY PENSION PLAN (2023) Form 5500
Creator: GARDNER-WEBB UNIVERSITY , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARDNER-WEBB UNIVERSITY PENSION PLAN, GARDNER-WEBB UNIVERSITY , INC.

GARDNER-WEBB UNIVERSITY , INC.EIN 56-0529972Plan #001PY 2023

PO BOX 997 - BOILING SPRINGS, NC 280170997704-406-4259LinkedIn201-500 employeeshigher education

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$80.8M

+11.4% from 2022

Total participants

993

+0.8% from 2022

Average account balance

$82,682

+11.3% from 2022

Annual return

16.17%

+29.39 pp from 2022

Benchmarks

See 964 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort964 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.32M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

982

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 4 by compensation

Provider	Service type	Compensation
TIAA9+ years Service code 64 · EIN 13-1624203	Recordkeeping Fees	$48,816
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$5,000
NEW PINNACLE CONSULTING GROUP, LLC2 years Filed as: NEW PINNACLE CONSULTING GROUP Service code 17 · EIN 26-1233837	Pension Consulting	$1,300
GUIDESTONE FINANCIAL RESOURCES2 years Filed as: GUIDESTONE FINANCIAL Service code 65 · EIN 75-0939949	Account Maintenance	$130

Plan features & details

Pension benefit codes2L2M2G2F3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$54K

$148 / participant

Contract admin$54K100.0%

% of EOY assets

0.066%

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: MCCANNON, ROGERS, DRISCOLL & ASSOCI
Auditor EIN: 561056216
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,682

$83,884-1.4%

$64,101+29.0%

$74,460+11.0%

Participation rate

95.6%

76.6%+19.0pp

72.3%+23.3pp

70.7%+24.8pp

Annual return

16.17%

16.57%-0.4pp

33.72%-17.6pp

34.38%-18.2pp

Employer contribution / active EE

$3,251

$3,084+5.4%

$2,749+18.3%

$2,638+23.2%

Participant deferral / active EE

$3,398

$3,692-8.0%

$3,881-12.4%

$4,530-25.0%

Admin fee / account holder

$55

$196-72.1%

$3,070-98.2%

$348-84.2%

Provider

Service type

Compensation

TIAA9+ years

Service code 64 · EIN 13-1624203

Recordkeeping Fees

$48,816

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

$5,000

NEW PINNACLE CONSULTING GROUP, LLC2 years

Filed as: NEW PINNACLE CONSULTING GROUP

Service code 17 · EIN 26-1233837

Pension Consulting

$1,300

GUIDESTONE FINANCIAL RESOURCES2 years

Filed as: GUIDESTONE FINANCIAL

Service code 65 · EIN 75-0939949

Account Maintenance

$130

GARDNER-WEBB UNIVERSITY PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARDNER-WEBB UNIVERSITY PENSION 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