Retirement plan

THE BIG 12 CONFERENCE, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Name: THE BIG 12 CONFERENCE, INC. - THE BIG 12 CONFERENCE, INC. DEFINED CONTRIBUTION RETIREMENT PLAN (2016) Form 5500
Creator: THE BIG 12 CONFERENCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BIG 12 CONFERENCE, INC. DEFINED CONTRIBUTION RETIREMENT PLAN, THE BIG 12 CONFERENCE, INC.

THE BIG 12 CONFERENCE, INC.EIN 75-2604555Plan #001PY 2016

400 EAST JOHN CARPENTER FREEWAY - IRVING, TX 750623955469-524-1018big12sports.comLinkedIn11-50 employeessports

Other plans on this EIN

1 filing

#002Retirement-$1.5M assets

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed September 20, 2022 (most recent of 2 filings on file)

Plan administrator

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400 East John Carpenter Freeway

Irving, TX 75062

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Plans declared (1)

The 2022 Big 12 Conference, Inc. 457(b) Deferred Compensation Plan1 emp

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Total assets (EOY)

$7.8M

No prior year

Total participants

No prior year

Average account balance

$163,328

No prior year

Annual return

0.49%

No prior year

Benchmarks

See 7,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,816 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.71M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

195.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$925K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33446

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2A2G2F2L

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$250K

$6575 / participant

Other / not subdivided$250K100.0%

% of EOY assets

3.187%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,328

$48,076+239.7%

$78,693+107.6%

$62,891+159.7%

Participation rate

100.0%

65.2%+34.8pp

73.6%+26.4pp

69.3%+30.7pp

Annual return

0.49%

31.35%-30.9pp

62.18%-61.7pp

20.14%-19.7pp

Employer contribution / active EE

$7,054

$2,015+250.1%

$2,850+147.5%

$2,281+209.3%

Participant deferral / active EE

$5,904

$2,588+128.2%

$3,517+67.9%

$3,203+84.3%

Admin fee / account holder

$5,205

$3,207+62.3%

$4,511+15.4%

$4,296+21.2%

THE BIG 12 CONFERENCE, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BIG 12 CONFERENCE, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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