Retirement plan

SOUTHERN METHODIST UNIVERSITY RETIREMENT PLAN

Name: SOUTHERN METHODIST UNIVERSITY - SOUTHERN METHODIST UNIVERSITY RETIREMENT PLAN (2020) Form 5500
Creator: SOUTHERN METHODIST UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN METHODIST UNIVERSITY RETIREMENT PLAN, SOUTHERN METHODIST UNIVERSITY

SOUTHERN METHODIST UNIVERSITYEIN 75-0800689Plan #002PY 2020

6116 NORTH CENTRAL EXPRESSWAY, SUITE 200 - DALLAS, TX 75206214-768-2024

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 13, 2012 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1002.5M

+14.2% from 2019

Total participants

4,794

-0.4% from 2019

Average account balance

$209,245

+14.2% from 2019

Annual return

15.00%

-4.36 pp from 2019

Benchmarks

See 263 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort263 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.15B

Not enough data

1 years with asset history on file

Average account balance

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

$233K

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.

4,921

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Claims processing; Recordkeeping and ...	$436,789
THE GARDNER GROUP4 years Service code 26 · EIN 26-1629539	Advisory (Participants)	$28,278
BEAIRD HARRIS1 year Filed as: BEAIRD HARRIS WEALTH MANAGEMENT Service code 26 · EIN 75-2569390	Advisory (Participants)	$9,191
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$4,530
MID ATLANTIC CAPITAL CORPORATION6+ years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2R2T

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.
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$484K

$204 / participant

Investment mgmt$43K8.9%
Other / not subdivided$441K91.1%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: INSERO & CO. CPAS LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,245

$105,581+98.2%

$70,449+197.0%

$90,288+131.8%

Participation rate

99.9%

77.5%+22.3pp

75.1%+24.8pp

73.4%+26.5pp

Annual return

15.00%

14.78%+0.2pp

109.03%-94.0pp

53.97%-39.0pp

Employer contribution / active EE

$12,564

$3,304+280.3%

$2,737+359.1%

$2,524+397.7%

Participant deferral / active EE

$5,380

$3,813+41.1%

$3,709+45.1%

$4,232+27.1%

Admin fee / account holder

$101

$68+49.7%

$3,845-97.4%

$114-11.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Claims processing; Recordkeeping and ...

$436,789

THE GARDNER GROUP4 years

Service code 26 · EIN 26-1629539

Advisory (Participants)

$28,278

BEAIRD HARRIS1 year

Filed as: BEAIRD HARRIS WEALTH MANAGEMENT

Service code 26 · EIN 75-2569390

Advisory (Participants)

$9,191

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$4,530

MID ATLANTIC CAPITAL CORPORATION6+ years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SOUTHERN METHODIST UNIVERSITY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN METHODIST UNIVERSITY RETIREMENT PLAN

Top hat statement on fileNQDC

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