Retirement plan

QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN

Name: QUEENS UNIVERSITY OF CHARLOTTE - QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN (2022) Form 5500
Creator: QUEENS UNIVERSITY OF CHARLOTTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN, QUEENS UNIVERSITY OF CHARLOTTE

QUEENS UNIVERSITY OF CHARLOTTEEIN 56-0530003Plan #001PY 2022

1900 SELWYN AVENUE - CHARLOTTE, NC 28274704-337-2485queens.eduLinkedIn201-500 employeeshigher education

Other plans on this EIN

1 filing

#002Retirement-$19.1M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$39.8M

-15.4% from 2021

Total participants

700

-43.5% from 2021

Average account balance

$59,975

-16.4% from 2021

Annual return

-12.62%

-25.44 pp from 2021

Benchmarks

See 959 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort959 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.78M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

701

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 1 by compensation

Provider	Service type	Compensation
TIAA1 year Service code 64 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 100173206	Recordkeeping Fees	$18,651

Plan features & details

Pension benefit codes2G2K2L2T2M

Plan features

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$72 / participant

Contract admin$19K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,975

$79,124-24.2%

$60,899-1.5%

$64,814-7.5%

Participation rate

86.1%

77.7%+8.4pp

73.1%+13.0pp

71.5%+14.6pp

Annual return

-12.62%

-7.13%-5.5pp

16.92%-29.5pp

32.84%-45.5pp

Employer contribution / active EE

$3,365

$3,050+10.3%

$2,702+24.5%

$2,507+34.2%

Participant deferral / active EE

$1,684

$3,725-54.8%

$3,817-55.9%

$4,310-60.9%

Admin fee / account holder

$28

$106-73.4%

$3,225-99.1%

$188-85.0%

Provider

Service type

Compensation

TIAA1 year

Service code 64 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 100173206

Recordkeeping Fees

$18,651

QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUEENS UNIVERSITY OF CHARLOTTE 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