Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI

Name: UNIVERSITY OF MIAMI - RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI (2017) Form 5500
Creator: UNIVERSITY OF MIAMI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI, UNIVERSITY OF MIAMI

UNIVERSITY OF MIAMIEIN 59-0624458Plan #001PY 2017

P.O. BOX 248106 - CORAL GABLES, FL 331242902305-284-5194LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

4 filings

#003Retirement-$1.01B assets #005Retirement-$812.1M assets #002Retirement-$658.6M assets #006Retirement-$123.4M assets

Prospect flagsHigh retiree %

Top hat statement on fileNQDC

Filed January 12, 2024 (most recent of 14 filings on file)

Plan administrator

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1320 South Dixie Highway, Suit 100

Coral Gables, FL 33146

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Plans declared (1)

UNIVERSITY OF MIAMI HEALTH SYTEM 457(f) DEFERRED COMPENSATION PLAN8 emp

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Total assets (EOY)

$820.4M

-8.8% from 2017

Total participants

10,826

+2.6% from 2017

Average account balance

No prior year

Annual return

10.76%

-13.31 pp from 2017

Benchmarks

See 1,145 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort1,145 peers

Snapshot2017

Participant deferral / active EE

median $22

Employer contribution / active EE

$11,866

median $8,997

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

10.76%

median 13.18%

Overall peer rank

37of 100

37th percentileavg across 6 metrics

Analytics

2016 - 2025

Total assets (EOY)

Plan-year ending balance

$567.42M

Average account balance

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

$110K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,353

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$10.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.03%

Admin fee / account holder

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

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 22 by compensation

Provider	Service type	Compensation
MERCER1 year Filed as: MERCER INVESTMENT MANAGEMENT, INC Service code 27 · EIN 30-0282430	Advisory (Plan)	$654,276
UNIVERSITY OF MIAMI2+ years Service code 10 · EIN 59-0624458	Accounting	$521,580
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON DELAWARE, INC. Service code 11 · EIN 53-0181291	Actuarial	$454,289
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK, NA Service code 25 · EIN 94-1347393	Directed Trustee	$303,537
ARTISAN PARTNERS2+ years Filed as: ARTISAN PARTNERS LTD PARTNERSHIP Service code 28 · EIN 30-0551775	Investment Management	$228,200
NORTHERN TRUST COMPANY1 year Filed as: THE NORTHERN TRUST COMPANY Service code 25 · EIN 36-1561860	Directed Trustee	$141,813
AQR CAPITAL MANAGEMENT LLC1 year Filed as: AQR CAPITAL MANAGEMENT, LLC Service code 19 TWO GREENWICH PLAZA · GREENWICH, CT 06830	Securities Custodian	$139,835
DIMENSIONAL FUND ADVISORS2+ years Filed as: DIMENSIONAL FUND ADVISORS, LP Service code 28 · EIN 30-0447847	Investment Management	$99,998
XEROX CORPORATION2+ years Filed as: XEROX HR SOLUTIONS, LLP Service code 15 · EIN 20-2185976	Recordkeeping	$77,654
GAMCO ASSET MANAGEMENT2+ years Service code 28 · EIN 13-4044521	Investment Management	$68,668

Enrolled actuary

1 attachment

THERESA M. WEBBER, F.S.A., E.A.

TOWERS WATSON DELAWARE INC.

Enrollment #1708362

THE PRUDENTIAL TOWER, 800 BOYLSTON

STREET BOSTON, MA 021998103

(617) 638-3700

Signed 2018-03-16

Plan features & details

Pension benefit codes1A1C1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$9.2M

$2716 / participant

Investment mgmt$3M34.8%
Other / not subdivided$6M65.2%

% of EOY assets

1.116%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,144-100.0%

Participation rate

0.0%

0.0%0pp

62.9%-62.9pp

0.0%0pp

Annual return

10.76%

17.84%-7.1pp

9.35%+1.4pp

17.84%-7.1pp

Employer contribution / active EE

$11,866

$14,688-19.2%

$25,504-53.5%

$14,688-19.2%

Participant deferral / active EE

$770-100.0%

$1,066-100.0%

$770-100.0%

Admin fee / account holder

$2,049-100.0%

Provider

Service type

Compensation

MERCER1 year

Filed as: MERCER INVESTMENT MANAGEMENT, INC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$654,276

UNIVERSITY OF MIAMI2+ years

Service code 10 · EIN 59-0624458

Accounting

$521,580

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON DELAWARE, INC.

Service code 11 · EIN 53-0181291

Actuarial

$454,289

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO BANK, NA

Service code 25 · EIN 94-1347393

Directed Trustee

$303,537

ARTISAN PARTNERS2+ years

Filed as: ARTISAN PARTNERS LTD PARTNERSHIP

Service code 28 · EIN 30-0551775

Investment Management

$228,200

NORTHERN TRUST COMPANY1 year

Filed as: THE NORTHERN TRUST COMPANY

Service code 25 · EIN 36-1561860

Directed Trustee

$141,813

AQR CAPITAL MANAGEMENT LLC1 year

Filed as: AQR CAPITAL MANAGEMENT, LLC

Service code 19

TWO GREENWICH PLAZA · GREENWICH, CT 06830

Securities Custodian

$139,835

DIMENSIONAL FUND ADVISORS2+ years

Filed as: DIMENSIONAL FUND ADVISORS, LP

Service code 28 · EIN 30-0447847

Investment Management

$99,998

XEROX CORPORATION2+ years

Filed as: XEROX HR SOLUTIONS, LLP

Service code 15 · EIN 20-2185976

Recordkeeping

$77,654

GAMCO ASSET MANAGEMENT2+ years

Service code 28 · EIN 13-4044521

Investment Management

$68,668

RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

THERESA M. WEBBER, F.S.A., E.A.

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

THERESA M. WEBBER, F.S.A., E.A.

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