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. (2016) 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 2016

POST OFFICE BOX 12007 - COLUMBIA, SC 29211803-799-7122

Other plans on this EIN

1 filing

#002Retirement-$291K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+8.5% from 2015

Total participants

0.0% from 2015

Average account balance

$117,610

+8.5% from 2015

Annual return

6.76%

+4.77 pp from 2015

Benchmarks

See 5,387 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,387 peers

Snapshot2016

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

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

$30K

$9930 / participant

Other / not subdivided$30K100.0%

% of EOY assets

2.303%

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

$117,610

$65,685+79.0%

$57,183+105.7%

$273,970-57.1%

Participation rate

100.0%

78.3%+21.7pp

75.3%+24.7pp

83.0%+17.0pp

Annual return

6.76%

21.99%-15.2pp

14.59%-7.8pp

41.46%-34.7pp

Employer contribution / active EE

$9,340

$3,279+184.9%

$2,682+248.2%

$4,869+91.8%

Participant deferral / active EE

$4,833

$3,781+27.8%

$3,096+56.1%

$5,287-8.6%

Admin fee / account holder

$2,708

$4,835-44.0%

$3,139-13.7%

$10,132-73.3%

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