Retirement plan

TICUA 403(B) DEFINED CONTRIBUTION PLAN

Name: TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION, INC. - TICUA 403(B) DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TICUA 403(B) DEFINED CONTRIBUTION PLAN, TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION, INC.

TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION, INC.EIN 62-1155139Plan #333PY 2024

555 MARRIOTT DRIVE, STE 315 - NASHVILLE, TN 37214615-242-6400LinkedIn1-10 employeeshigher education

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$150.3M

+7.4% from 2023

Total participants

2,174

-7.5% from 2023

Average account balance

$72,252

+15.6% from 2023

Annual return

12.98%

-58.30 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$150.28M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

2,080

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.95M

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 6 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT5+ years Filed as: MILLENNIUM ADVISORY SERVICES, INC Service code 26 · EIN 54-2020086 5340 TWIN HICKORY RD · GLENN ALLEN, VA 230595682	Advisory (Participants)	$239,222
PENTEGRA SERVICES, INC.5+ years Filed as: PENTEGRA SERVICES, INC Service code 14 · EIN 13-3745616 701 WESTCHESTER AVE · WHITE PLAINS, NY 106043027	Plan Administrator	$68,457
TIAA5+ years Filed as: TIAA-TEACHERS INS & ANNUIT ASSOC Service code 13 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 100173206	Contract Administrator	$67,434
SAGEVIEW ADVISORY GROUP, LLC5+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667 1920 MAIN STREET · IRVINE, CA 926147227	Advisory (Participants)	$58,436
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$15,704
FTB ADVISORS, INC.2 years Filed as: FTB ADVISOR INC Service code 27 · EIN 62-1254528	Advisory (Plan)	$8,403

Plan features & details

Pension benefit codes2F2G2L

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$658K

$532 / participant

Recordkeeping$426K64.8%
Contract admin$222K33.7%
Other / not subdivided$10K1.5%

% of EOY assets

0.438%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANCHECK CPA'S LLC
Auditor EIN: 842614035
Audit fees: $9,719
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,252

$113,568-36.4%

$67,575+6.9%

$199,960-63.9%

Participation rate

92.4%

73.3%+19.1pp

72.9%+19.5pp

72.0%+20.4pp

Annual return

12.98%

15.88%-2.9pp

3528.98%-3516.0pp

34.28%-21.3pp

Employer contribution / active EE

$1,917

$3,409-43.8%

$2,736-29.9%

$3,036-36.9%

Participant deferral / active EE

$2,888

$4,163-30.6%

$4,003-27.9%

$5,087-43.2%

Admin fee / account holder

$317

$102+209.1%

$3,993-92.1%

$269+17.5%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT5+ years

Filed as: MILLENNIUM ADVISORY SERVICES, INC

Service code 26 · EIN 54-2020086

5340 TWIN HICKORY RD · GLENN ALLEN, VA 230595682

Advisory (Participants)

$239,222

PENTEGRA SERVICES, INC.5+ years

Filed as: PENTEGRA SERVICES, INC

Service code 14 · EIN 13-3745616

701 WESTCHESTER AVE · WHITE PLAINS, NY 106043027

Plan Administrator

$68,457

TIAA5+ years

Filed as: TIAA-TEACHERS INS & ANNUIT ASSOC

Service code 13 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 100173206

Contract Administrator

$67,434

SAGEVIEW ADVISORY GROUP, LLC5+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

1920 MAIN STREET · IRVINE, CA 926147227

Advisory (Participants)

$58,436

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,704

FTB ADVISORS, INC.2 years

Filed as: FTB ADVISOR INC

Service code 27 · EIN 62-1254528

Advisory (Plan)

$8,403

TICUA 403(B) DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TICUA 403(B) DEFINED CONTRIBUTION 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