Retirement plan

TREVECCA NAZARENE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: TREVECCA NAZARENE UNIVERSITY - TREVECCA NAZARENE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2022) Form 5500
Creator: TREVECCA NAZARENE UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TREVECCA NAZARENE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, TREVECCA NAZARENE UNIVERSITY

TREVECCA NAZARENE UNIVERSITYEIN 62-0497990Plan #001PY 2022

333 MURFREESBORO ROAD - NASHVILLE, TN 37210615-248-7790

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$40.3M

-11.6% from 2021

Total participants

698

+7.6% from 2021

Average account balance

$62,212

-13.2% from 2021

Annual return

-11.56%

-36.11 pp from 2021

Benchmarks

See 959 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort959 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.03M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

716

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$346

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
MILLENNIUM INVESTMENT & RETIREMENT7+ years Filed as: MILLENNIUM ADVISORY SERVICES, INC Service code 26 · EIN 54-2020086	Advisory (Participants)	$108,639
TIAA7+ years Filed as: TIAA - TEACHERS INSURANCE & ANNUITY Service code 15 · EIN 13-1624203	Recordkeeping	$46,551
TRG ADVISORS, INC.7+ years Service code 27 · EIN 82-3871756	Advisory (Plan)	$27,073
TRG ADVISORS, INC.4 years Filed as: TRG FIDUCIARY SERVICES, LLC Service code 27 · EIN 82-3095168	Advisory (Plan)	$18,951

Plan features & details

Pension benefit codes2E2F2G2J2K2L

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.

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

$202K

$536 / participant

Investment mgmt$109K54.2%
Contract admin$92K45.8%

% of EOY assets

0.500%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAPIN CROUSE LLP
Auditor EIN: 363990892
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,212

$79,124-21.4%

$60,899+2.2%

$64,814-4.0%

Participation rate

86.7%

77.7%+9.0pp

73.1%+13.6pp

71.5%+15.2pp

Annual return

-11.56%

-7.13%-4.4pp

16.92%-28.5pp

32.84%-44.4pp

Employer contribution / active EE

$2,685

$3,050-12.0%

$2,702-0.6%

$2,507+7.1%

Participant deferral / active EE

$3,524

$3,725-5.4%

$3,817-7.7%

$4,310-18.2%

Admin fee / account holder

$311

$106+194.3%

$3,225-90.4%

$188+65.6%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT7+ years

Filed as: MILLENNIUM ADVISORY SERVICES, INC

Service code 26 · EIN 54-2020086

Advisory (Participants)

$108,639

TIAA7+ years

Filed as: TIAA - TEACHERS INSURANCE & ANNUITY

Service code 15 · EIN 13-1624203

Recordkeeping

$46,551

TRG ADVISORS, INC.7+ years

Service code 27 · EIN 82-3871756

Advisory (Plan)

$27,073

TRG ADVISORS, INC.4 years

Filed as: TRG FIDUCIARY SERVICES, LLC

Service code 27 · EIN 82-3095168

Advisory (Plan)

$18,951

TREVECCA NAZARENE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TREVECCA NAZARENE UNIVERSITY DEFINED CONTRIBUTION 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