Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI

Name: UNIVERSITY OF MIAMI - RETIREMENT PLAN FOR EMPLOYEES OF THE UNIV OF MIAMI (2020) 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 2020

P.O. BOX 248106 - CORAL GABLES, FL 331242902305-284-3004LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

5 filings

#005Retirement-$1.26B assets #003Retirement-$1.17B assets #002Retirement-$775.4M assets #006Retirement-$149.3M assets #007Retirement-$2.6M 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)

$874.5M

-8.8% from 2017

Total participants

9,062

+2.6% from 2017

Average account balance

No prior year

Annual return

15.65%

-13.31 pp from 2017

Benchmarks

See 977 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort977 peers

Snapshot2020

Participant deferral / active EE

median $1

Employer contribution / active EE

$4,700

median $8,530

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

15.65%

median 11.94%

Overall peer rank

52of 100

52nd 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 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC5+ years Filed as: TOWERS WATSON DELAWARE, INC. Service code 11 · EIN 53-0181291	Actuarial	$1,528,003
UNIVERSITY OF MIAMI5+ years Service code 10 · EIN 59-0624458	Accounting	$489,018
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE ASSOCIATES, LLC Service code 27 · EIN 04-3515240	Advisory (Plan)	$450,000
PARAMETRIC PORTFOLIO ASSOCIATES LLC3 years Filed as: PARAMETRIC PORTFOLIO ASSOCIATES,LLC Service code 28 1918 EIGHTH AVENUE, SUITE 3100 · SEATTLE, WA 98101	Investment Management	$294,095
NORTHERN TRUST COMPANY3 years Filed as: NORTHERN TRUST Service code 25 50 LASALLE STREET, BLDG 1 · CHICAGO, IL 60603	Directed Trustee	$275,917
LOGAN CIRCLE PARTNERS, LP4 years Filed as: LOGAN CIRCLE PARTNERS, L.P. Service code 28 1717 ARCH STREET, SUITE 1500 · PHILADELPHIA, PA 19103	Investment Management	$197,460
ARTISAN PARTNERS5+ years Filed as: ARTISAN PARTNERS LTD PARTNERSHIP Service code 28 · EIN 30-0551775	Investment Management	$184,293
ARROWSTREET CAPITAL4 years Filed as: ARROWSTREET CAPITAL LTD PARTNERSHIP Service code 28 · EIN 04-3472863	Investment Management	$60,972
AMERICAN FUNDS4 years Filed as: CAPITAL BANK AND TRUST COMPANY Service code 21 · EIN 95-6597294	Bank Trustee	$23,140
KPMG LLP5+ years Filed as: KPMG, LLP Service code 10 · EIN 13-5565207	Accounting	$11,500

Enrolled actuary

1 attachment

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

WILLIS TOWERS WATSON US LLC

Enrollment #2008362

THE PRUDENTIAL TOWER, 800 BOYLSTON

BOSTON, MA 021998103

(617) 638-3700

Signed 2021-03-07

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

$8.2M

$3069 / participant

Investment mgmt$2M20.0%
Other / not subdivided$7M80.0%

% of EOY assets

0.941%

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

$75,924-100.0%

Participation rate

0.0%

0.0%0pp

52.9%-52.9pp

0.0%0pp

Annual return

15.65%

12.86%+2.8pp

6.78%+8.9pp

12.86%+2.8pp

Employer contribution / active EE

$4,700

$13,687-65.7%

$28,542-83.5%

$13,687-65.7%

Participant deferral / active EE

$833-100.0%

$763-100.0%

$833-100.0%

Admin fee / account holder

$1,754-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC5+ years

Filed as: TOWERS WATSON DELAWARE, INC.

Service code 11 · EIN 53-0181291

Actuarial

$1,528,003

UNIVERSITY OF MIAMI5+ years

Service code 10 · EIN 59-0624458

Accounting

$489,018

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE ASSOCIATES, LLC

Service code 27 · EIN 04-3515240

Advisory (Plan)

$450,000

PARAMETRIC PORTFOLIO ASSOCIATES LLC3 years

Filed as: PARAMETRIC PORTFOLIO ASSOCIATES,LLC

Service code 28

1918 EIGHTH AVENUE, SUITE 3100 · SEATTLE, WA 98101

Investment Management

$294,095

NORTHERN TRUST COMPANY3 years

Filed as: NORTHERN TRUST

Service code 25

50 LASALLE STREET, BLDG 1 · CHICAGO, IL 60603

Directed Trustee

$275,917

LOGAN CIRCLE PARTNERS, LP4 years

Filed as: LOGAN CIRCLE PARTNERS, L.P.

Service code 28

1717 ARCH STREET, SUITE 1500 · PHILADELPHIA, PA 19103

Investment Management

$197,460

ARTISAN PARTNERS5+ years

Filed as: ARTISAN PARTNERS LTD PARTNERSHIP

Service code 28 · EIN 30-0551775

Investment Management

$184,293

ARROWSTREET CAPITAL4 years

Filed as: ARROWSTREET CAPITAL LTD PARTNERSHIP

Service code 28 · EIN 04-3472863

Investment Management

$60,972

AMERICAN FUNDS4 years

Filed as: CAPITAL BANK AND TRUST COMPANY

Service code 21 · EIN 95-6597294

Bank Trustee

$23,140

KPMG LLP5+ years

Filed as: KPMG, LLP

Service code 10 · EIN 13-5565207

Accounting

$11,500

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