Retirement plan

UNION COMMONWEALTH UNIVERSITY RETIREMENT PLAN

Name: UNION COMMONWEALTH UNIVERSITY - UNION COMMONWEALTH UNIVERSITY RETIREMENT PLAN (2024) Form 5500
Creator: UNION COMMONWEALTH UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION COMMONWEALTH UNIVERSITY RETIREMENT PLAN, UNION COMMONWEALTH UNIVERSITY

UNION COMMONWEALTH UNIVERSITYEIN 61-0461768Plan #001PY 2024

310 COLLEGE STREET - BARBOURVILLE, KY 409061499606-546-1206

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.5M

+3.8% from 2023

Total participants

296

+2.4% from 2023

Average account balance

$62,718

+1.7% from 2023

Annual return

9.96%

-2.04 pp from 2023

Benchmarks

See 4,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,471 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.50M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

295

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$348K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TWO WEST CAPITAL ADVISORS5 years Service code 28 · EIN 27-3055170 1582 N 1060 RD · LAWRENCE, KS 66046	Investment Management	$14,607
COULTER & JUSTUS2 years Service code 11 · EIN 62-1532536 9717 COGDILL ROAD, STE. 201 · KNOXVILLE, TN 37932	Actuarial	$6,750
TIAA3 years Filed as: TIAA TEACHERS INSURANCE AND ANNUITY Service code 15 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 10017	Recordkeeping	$5,480
PENTEGRA SERVICES, INC.2 years Service code 14 · EIN 13-3745616 5350 77 CENTER DR., STE. 200 · CHARLOTTE, NC 282172783	Plan Administrator	$0

Plan features & details

Pension benefit codes2G2K2L2T3D

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$31K

$353 / participant

Contract admin$31K99.5%
Other / not subdivided$1510.5%

% of EOY assets

0.170%

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: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,718

$48,327+29.8%

$67,575-7.2%

$80,935-22.5%

Participation rate

98.9%

66.4%+32.5pp

72.9%+26.0pp

67.7%+31.2pp

Annual return

9.96%

18.31%-8.3pp

3528.98%-3519.0pp

35.66%-25.7pp

Employer contribution / active EE

$784

$2,022-61.2%

$2,736-71.3%

$2,757-71.6%

Participant deferral / active EE

$3,121

$2,927+6.6%

$4,003-22.0%

$4,299-27.4%

Admin fee / account holder

$106

$3,692-97.1%

$3,993-97.3%

$6,924-98.5%

Provider

Service type

Compensation

TWO WEST CAPITAL ADVISORS5 years

Service code 28 · EIN 27-3055170

1582 N 1060 RD · LAWRENCE, KS 66046

Investment Management

$14,607

COULTER & JUSTUS2 years

Service code 11 · EIN 62-1532536

9717 COGDILL ROAD, STE. 201 · KNOXVILLE, TN 37932

Actuarial

$6,750

TIAA3 years

Filed as: TIAA TEACHERS INSURANCE AND ANNUITY

Service code 15 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 10017

Recordkeeping

$5,480

PENTEGRA SERVICES, INC.2 years

Service code 14 · EIN 13-3745616

5350 77 CENTER DR., STE. 200 · CHARLOTTE, NC 282172783

Plan Administrator

UNION COMMONWEALTH UNIVERSITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION COMMONWEALTH UNIVERSITY RETIREMENT 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