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 (2017) 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 2017

PO BOX 36255 - SAN JUAN, PR 00936787-751-1420

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$180.6M

+12.3% from 2016

Total participants

2,312

-0.8% from 2016

Average account balance

$79,519

+13.4% from 2016

Annual return

12.51%

+6.93 pp from 2016

Benchmarks

See 251 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort251 peers

Snapshot2017

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
TIAA3+ years Service code 24 · EIN 13-1624203	Discretionary Trustee	$19,323

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

$19K

$10 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.011%

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: FVP & GALINDEZ LLC
Auditor EIN: 660703468
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,519

$92,091-13.7%

$63,018+26.2%

$77,958+2.0%

Participation rate

98.0%

74.5%+23.5pp

74.8%+23.2pp

71.6%+26.3pp

Annual return

12.51%

16.23%-3.7pp

87.62%-75.1pp

20.87%-8.4pp

Employer contribution / active EE

$1,768

$3,424-48.4%

$2,761-35.9%

$2,310-23.5%

Participant deferral / active EE

$2,465

$3,361-26.7%

$3,330-26.0%

$3,537-30.3%

Admin fee / account holder

$48-82.2%

$3,601-99.8%

$97-91.3%

Provider

Service type

Compensation

TIAA3+ years

Service code 24 · EIN 13-1624203

Discretionary Trustee

$19,323

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