Retirement plan

CARIBBEAN UNIVERSITY RETIREMENT PLAN

Name: CARIBBEAN UNIVERSITY - CARIBBEAN UNIVERSITY RETIREMENT PLAN (2021) Form 5500
Creator: CARIBBEAN UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARIBBEAN UNIVERSITY RETIREMENT PLAN, CARIBBEAN UNIVERSITY

CARIBBEAN UNIVERSITYEIN 66-0757391Plan #001PY 2021

167 KM 21.2 COMERIO AVENUE, FOREST HILL - BAYAMON, PR 00959787-780-0070

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$693K

+8.8% from 2020

Total participants

-26.9% from 2020

Average account balance

$12,152

+6.9% from 2020

Annual return

6.64%

+6.70 pp from 2020

Benchmarks

See 3,975 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,975 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$833K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

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.

44.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$433

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$540

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

0 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$16,482
PENSION PLUS INC7+ years Service code 49 FD ROOSEVELT AVE · SAN JUAN, PR 00918	Other Services	$10,963
CETERA ADVISOR NETWORKS LLC2 years Service code 55 2301 ROSECRANS AVE. SUITE 5100 · EL SEGUNDO, CA 902455670	Other Commissions	$6,441
BRINKERS CAPITAL INVESTMENT1 year Service code 28 17605 WRIGHT ST. · OMAHA, NE 68130	Investment Management	$821
CLS INVESTMENTS1 year Filed as: CLS INVESTMENT Service code 28 17605 WRIGHT ST. · OMAHA, NE 68130	Investment Management	$790
PENSION PLUS INC1 year Filed as: PENSION PLUS INC. Service code 49	Other Services	$322
PENSION PLUS INC4 years Filed as: PENSION PLUS, INC Service code 49 FD ROOSEVELT AVE · SAN JUAN, PR 00918	Other Services	$0

Plan features & details

Pension benefit codes2E2G3C2J2F

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM PUERTO RICO
Auditor EIN: 660388756
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,152

$53,837-77.4%

$75,717-84.0%

$85,856-85.8%

Participation rate

80.7%

69.1%+11.6pp

74.8%+5.9pp

69.3%+11.4pp

Annual return

6.64%

24.54%-17.9pp

104.58%-97.9pp

318.58%-311.9pp

Employer contribution / active EE

$2,017-100.0%

$2,743-100.0%

$2,565-100.0%

Participant deferral / active EE

$745

$2,895-74.3%

$3,821-80.5%

$3,952-81.2%

Admin fee / account holder

$3,341-100.0%

$3,619-100.0%

$6,261-100.0%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$16,482

PENSION PLUS INC7+ years

Service code 49

FD ROOSEVELT AVE · SAN JUAN, PR 00918

Other Services

$10,963

CETERA ADVISOR NETWORKS LLC2 years

Service code 55

2301 ROSECRANS AVE. SUITE 5100 · EL SEGUNDO, CA 902455670

Other Commissions

$6,441

BRINKERS CAPITAL INVESTMENT1 year

Service code 28

17605 WRIGHT ST. · OMAHA, NE 68130

Investment Management

$821

CLS INVESTMENTS1 year

Filed as: CLS INVESTMENT

Service code 28

17605 WRIGHT ST. · OMAHA, NE 68130

Investment Management

$790

PENSION PLUS INC1 year

Filed as: PENSION PLUS INC.

Service code 49

Other Services

$322

PENSION PLUS INC4 years

Filed as: PENSION PLUS, INC

Service code 49

FD ROOSEVELT AVE · SAN JUAN, PR 00918

Other Services

CARIBBEAN UNIVERSITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CARIBBEAN UNIVERSITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion