Retirement plan

UNIVERSITY RADIO FOUNDATION, INC., (WFAE) 403(B) DC PLAN

Name: UNIVERSITY RADIO FOUNDATION - UNIVERSITY RADIO FOUNDATION, INC., (WFAE) 403(B) DC PLAN (2024) Form 5500
Creator: UNIVERSITY RADIO FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY RADIO FOUNDATION, INC., (WFAE) 403(B) DC PLAN, UNIVERSITY RADIO FOUNDATION

UNIVERSITY RADIO FOUNDATIONdba WFAE-FM 90.7EIN 56-1803808Plan #001PY 2024

8801 J M KEYNES DR STE 91 - CHARLOTTE, NC 282625474704-549-9323

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.8M

-3.4% from 2023

Total participants

103

-1.0% from 2023

Average account balance

$77,254

-1.5% from 2023

Annual return

11.48%

-4.27 pp from 2023

Benchmarks

See 3,221 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,221 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.80M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

101

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.

183.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$260K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14703

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 codes2L2M2F2G2T3D

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.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$27001 / participant

Other / not subdivided$1M100.0%

% of EOY assets

19.032%

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

$77,254

$77,472-0.3%

$100,415-23.1%

$80,959-4.6%

Participation rate

96.4%

76.9%+19.4pp

81.5%+14.8pp

67.7%+28.7pp

Annual return

11.48%

37.26%-25.8pp

49.47%-38.0pp

35.67%-24.2pp

Employer contribution / active EE

$372

$2,800-86.7%

$3,943-90.6%

$2,757-86.5%

Participant deferral / active EE

$4,358

$6,818-36.1%

$8,091-46.1%

$4,300+1.3%

Admin fee / account holder

$14,703

$5,885+149.8%

$7,906+86.0%

$6,925+112.3%

UNIVERSITY RADIO FOUNDATION, INC., (WFAE) 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY RADIO FOUNDATION, INC., (WFAE) 403(B) DC 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