Retirement plan

UNIVERSITY AT BUFFALO SURGEONS, INC. RETIREMENT PLAN

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

UNIVERSITY AT BUFFALO SURGEONS, INCEIN 80-0033443Plan #001PY 2020

DAVID MILLER BUILDING, 462 GRIDER STREET - BUFFALO, NY 14215716-898-3875buffalo.campuslabs.com/engage/organization/ub-esportsLinkedIn1-10 employeescomputer games

Other plans on this EIN

1 filing

#003Retirement-$5.5M assets

Prospect flagsHigh feesLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$24.6M

+16.2% from 2019

Total participants

133

+15.7% from 2019

Average account balance

$219,930

+0.6% from 2019

Annual return

14.24%

-2.69 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.65M

Not enough data

1 years with asset history on file

Average account balance

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

$222K

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.

147

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$759

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 2 by compensation

Provider	Service type	Compensation
TRG ADVISORS, INC.1 year Filed as: TRG FIDUCIARY SERVICES Service code 27 · EIN 82-3095168	Advisory (Plan)	$52,292
TOUCHSTONE RETIREMENT GROUP, LLC1 year Service code 15 · EIN 45-3210377	Recordkeeping	$27,327

Plan features & details

Pension benefit codes2A2E2F2G2T3D

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).
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.
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

3 tripped

OpportunityLow participant contribution
Participant 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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$85K

$897 / participant

Investment mgmt$52K61.4%
Contract admin$27K32.1%
Other / not subdivided$6K6.6%

% of EOY assets

0.346%

all-in expense ratio

Categories reported

2 / 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: CHIAMPOU TRAVIS BESAW & KERSHNER
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$219,930

$91,179+141.2%

$178,499+23.2%

$79,852+175.4%

Participation rate

77.9%

69.2%+8.7pp

81.9%-4.0pp

69.6%+8.3pp

Annual return

14.24%

24.19%-9.9pp

151.10%-136.9pp

31.72%-17.5pp

Employer contribution / active EE

$11,810

$3,256+262.7%

$5,011+135.7%

$2,471+377.9%

Participant deferral / active EE

$3,236-100.0%

$5,202-100.0%

$3,740-100.0%

Admin fee / account holder

$761

$6,749-88.7%

$13,986-94.6%

$5,306-85.7%

Provider

Service type

Compensation

TRG ADVISORS, INC.1 year

Filed as: TRG FIDUCIARY SERVICES

Service code 27 · EIN 82-3095168

Advisory (Plan)

$52,292

TOUCHSTONE RETIREMENT GROUP, LLC1 year

Service code 15 · EIN 45-3210377

Recordkeeping

$27,327

UNIVERSITY AT BUFFALO SURGEONS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY AT BUFFALO SURGEONS, INC. 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