Retirement plan

INTER AMERICAN UNIVERSITY OF PR DEFINED CONTRIBUTION RETIREMENT PLAN

Name: INTER AMERICAN UNIVERSITY OF PR - INTER AMERICAN UNIVERSITY OF PR DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: INTER AMERICAN UNIVERSITY OF PR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTER AMERICAN UNIVERSITY OF PR DEFINED CONTRIBUTION RETIREMENT PLAN, INTER AMERICAN UNIVERSITY OF PR

INTER AMERICAN UNIVERSITY OF PREIN 66-0177776Plan #001PY 2024

PO BOX 36255 - SAN JUAN, PR 009363255787-751-1420

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$199.1M

+6.1% from 2023

Total participants

2,151

-21.5% from 2023

Average account balance

$94,272

+6.7% from 2023

Annual return

11.50%

-1.99 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

$199.10M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

2,112

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.55M

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 1 by compensation

Provider	Service type	Compensation
TIAA10+ years Service code 24 · EIN 13-1624203	Discretionary Trustee	$26,104

Plan features & details

Pension benefit codes2E2F2G3C2J

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$17 / participant

Recordkeeping$26K100.0%

% of EOY assets

0.013%

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: GALINDEZ LLC
Auditor EIN: 660703468
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,272

$113,568-17.0%

$67,560+39.5%

$200,096-52.9%

Participation rate

97.4%

73.3%+24.1pp

72.9%+24.5pp

72.0%+25.4pp

Annual return

11.50%

15.88%-4.4pp

3533.50%-3522.0pp

34.26%-22.8pp

Employer contribution / active EE

$1,784

$3,409-47.7%

$2,737-34.8%

$3,038-41.3%

Participant deferral / active EE

$2,511

$4,163-39.7%

$4,004-37.3%

$5,090-50.7%

Admin fee / account holder

$12

$102-87.9%

$3,994-99.7%

$269-95.4%

Provider

Service type

Compensation

TIAA10+ years

Service code 24 · EIN 13-1624203

Discretionary Trustee

$26,104

INTER AMERICAN UNIVERSITY OF PR DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTER AMERICAN UNIVERSITY OF PR 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