Retirement plan

SOUTH TEXAS COLLEGE OF LAW HOUSTON 403(B) PLAN

Name: SOUTH TEXAS COLLEGE OF LAW HOUSTON - SOUTH TEXAS COLLEGE OF LAW HOUSTON 403(B) PLAN (2024) Form 5500
Creator: SOUTH TEXAS COLLEGE OF LAW HOUSTON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH TEXAS COLLEGE OF LAW HOUSTON 403(B) PLAN, SOUTH TEXAS COLLEGE OF LAW HOUSTON

SOUTH TEXAS COLLEGE OF LAW HOUSTONEIN 74-1554976Plan #001PY 2024

1303 SAN JACINTO ST - HOUSTON, TX 77002713-646-1814LinkedIn51-200 employeeshigher education

Other plans on this EIN

1 filing

#003Retirement-$50.3M assets

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$22M

+7.8% from 2023

Total participants

408

+5.2% from 2023

Average account balance

$85,015

-3.4% from 2023

Annual return

12.89%

-2.85 pp from 2023

Benchmarks

See 956 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort956 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$22.02M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

259

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.

57.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

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

+12.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$355

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8 years Service code 12 · EIN 13-3689044	Participant loan processing; Claims p...	$31,919
GREAT-WEST LIFE & ANNUITY INSURANCE10+ years Filed as: MCCONNELL & JONES LLP Service code 10 · EIN 76-0488832	Accounting	$23,475
ROLAND CRISS INVESTMENT RESEARCH6 years Filed as: ROLAND CRISS INVESTMENT RESEARCH LL Service code 27 · EIN 46-1595115	Advisory (Plan)	$14,375
ROLAND CRISS FIDUCIARY SERVICES4 years Service code 16 · EIN 75-2866255	Consulting	$12,030
WEAVER AND TIDWELL, LLP1 year Filed as: WEAVER AND TIDWELL Service code 10 · EIN 75-0786316	Accounting	$10,000
MID ATLANTIC CAPITAL CORPORATION1 year Service code 33	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES8 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$92K

$264 / participant

Recordkeeping$32K34.8%
Investment mgmt$14K15.6%
Contract admin$12K13.1%
Other / not subdivided$33K36.4%

% of EOY assets

0.417%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WEAVER AND TIDWELL LLP
Auditor EIN: 750786316
Audit fees: $33,475
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,015

$91,762-7.4%

$67,502+25.9%

$77,643+9.5%

Participation rate

57.2%

75.9%-18.7pp

72.9%-15.7pp

70.6%-13.4pp

Annual return

12.89%

14.87%-2.0pp

3512.12%-3499.2pp

31.24%-18.3pp

Employer contribution / active EE

$72

$3,181-97.7%

$2,731-97.4%

$2,726-97.4%

Participant deferral / active EE

$4,747

$3,903+21.6%

$4,000+18.7%

$4,647+2.1%

Admin fee / account holder

$355

$176+101.6%

$3,998-91.1%

$430-17.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8 years

Service code 12 · EIN 13-3689044

Participant loan processing; Claims p...

$31,919

GREAT-WEST LIFE & ANNUITY INSURANCE10+ years

Filed as: MCCONNELL & JONES LLP

Service code 10 · EIN 76-0488832

Accounting

$23,475

ROLAND CRISS INVESTMENT RESEARCH6 years

Filed as: ROLAND CRISS INVESTMENT RESEARCH LL

Service code 27 · EIN 46-1595115

Advisory (Plan)

$14,375

ROLAND CRISS FIDUCIARY SERVICES4 years

Service code 16 · EIN 75-2866255

Consulting

$12,030

WEAVER AND TIDWELL, LLP1 year

Filed as: WEAVER AND TIDWELL

Service code 10 · EIN 75-0786316

Accounting

$10,000

MID ATLANTIC CAPITAL CORPORATION1 year

Service code 33

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES8 years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

SOUTH TEXAS COLLEGE OF LAW HOUSTON 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH TEXAS COLLEGE OF LAW HOUSTON 403(B) 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