Retirement plan

SOUTH COLLEGE OF TENNESSEE 401(K) RETIREMENT PLAN

Name: SOUTH COLLEGE OF TN DBA SOUTH COLLEGE - SOUTH COLLEGE OF TENNESSEE 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: SOUTH COLLEGE OF TN DBA SOUTH COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH COLLEGE OF TENNESSEE 401(K) RETIREMENT PLAN, SOUTH COLLEGE OF TN DBA SOUTH COLLEGE

SOUTH COLLEGE OF TN DBA SOUTH COLLEGEEIN 62-1378783Plan #001PY 2017

3904 LONAS DRIVE - KNOXVILLE, TN 379093323865-251-1800

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$8.1M

+37.0% from 2016

Total participants

340

+0.9% from 2016

Average account balance

$28,261

+20.7% from 2016

Annual return

25.96%

+15.73 pp from 2016

Benchmarks

See 942 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort942 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.69M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

1,290

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$38,866
TJS DEEMER DANA LLP1 year Filed as: TJS DEEMER DANA, LLP Service code 10 · EIN 58-2663273	Accounting	$10,000
ERISA SERVICES, INC.1 year Service code 15 · EIN 62-1200951	Recordkeeping	$4,171
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,393

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D3H

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$9K

$33 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

0 / 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: TJS DEEMER DANA, LLP
Auditor EIN: 582663273
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,261

$74,552-62.1%

$63,005-55.1%

$69,631-59.4%

Participation rate

80.8%

78.3%+2.5pp

74.8%+6.0pp

70.7%+10.1pp

Annual return

25.96%

15.77%+10.2pp

87.59%-61.6pp

27571.02%-27545.1pp

Employer contribution / active EE

$314

$2,929-89.3%

$2,760-88.6%

$2,032-84.6%

Participant deferral / active EE

$4,312

$2,974+45.0%

$3,329+29.5%

$3,224+33.8%

Admin fee / account holder

$33

$59-45.0%

$3,599-99.1%

$110-70.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$38,866

TJS DEEMER DANA LLP1 year

Filed as: TJS DEEMER DANA, LLP

Service code 10 · EIN 58-2663273

Accounting

$10,000

ERISA SERVICES, INC.1 year

Service code 15 · EIN 62-1200951

Recordkeeping

$4,171

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,393

SOUTH COLLEGE OF TENNESSEE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH COLLEGE OF TENNESSEE 401(K) 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