Retirement plan

TIAA - CREF TAX DEFERRED PLAN FOR SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.

Name: SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC. - TIAA - CREF TAX DEFERRED PLAN FOR SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC. (2024) Form 5500
Creator: SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIAA - CREF TAX DEFERRED PLAN FOR SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC., SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.

SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.EIN 57-0343998Plan #001PY 2024

1706 SENATE STREET - COLUMBIA, SC 29201803-799-7122

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-11.2% from 2023

Total participants

-16.7% from 2023

Average account balance

$158,263

-2.4% from 2023

Annual return

8.14%

-2.37 pp from 2023

Benchmarks

See 8,052 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,052 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

500.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+8.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38382

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 codes2F2G2L2M

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.

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

$384K

$191908 / participant

Other / not subdivided$384K100.0%

% of EOY assets

24.252%

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

$158,263

$72,446+118.5%

$67,561+134.3%

$145,877+8.5%

Participation rate

100.0%

76.9%+23.1pp

72.9%+27.1pp

80.3%+19.7pp

Annual return

8.14%

7211.98%-7203.8pp

3525.44%-3517.3pp

551.28%-543.1pp

Employer contribution / active EE

$9,547

$3,072+210.7%

$2,735+249.1%

$4,663+104.7%

Participant deferral / active EE

$9,439

$4,785+97.3%

$4,003+135.8%

$6,691+41.1%

Admin fee / account holder

$38,382

$5,541+592.7%

$4,006+858.2%

$13,402+186.4%

TIAA - CREF TAX DEFERRED PLAN FOR SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIAA - CREF TAX DEFERRED PLAN FOR SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES, INC.

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