Retirement plan

UNIVERSITY AT BUFFALO STUDENT ASSOCIATION 403(B) PLAN

Name: UNIVERSITY AT BUFFALO STUDENT ASSOCIATION, INC. - UNIVERSITY AT BUFFALO STUDENT ASSOCIATION 403(B) PLAN (2024) Form 5500
Creator: UNIVERSITY AT BUFFALO STUDENT ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY AT BUFFALO STUDENT ASSOCIATION 403(B) PLAN, UNIVERSITY AT BUFFALO STUDENT ASSOCIATION, INC.

UNIVERSITY AT BUFFALO STUDENT ASSOCIATION, INC.EIN 82-3819192Plan #001PY 2024

STUDENT UNION BUILDING - BUFFALO, NY 14260716-645-2950

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$321K

+43.9% from 2023

Total participants

+14.3% from 2023

Average account balance

$40,067

+25.9% from 2023

Annual return

14.43%

-8.13 pp from 2023

Benchmarks

See 8,067 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,067 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$486K

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+21.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$429

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

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

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 codes2E2F2G2L3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$254 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.555%

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

$40,067

$72,403-44.7%

$67,524-40.7%

$145,978-72.6%

Participation rate

100.0%

76.9%+23.1pp

72.9%+27.1pp

80.3%+19.7pp

Annual return

14.43%

7197.23%-7182.8pp

3519.41%-3505.0pp

550.52%-536.1pp

Employer contribution / active EE

$7,517

$3,072+144.7%

$2,734+174.9%

$4,662+61.2%

Participant deferral / active EE

$2,124

$4,782-55.6%

$4,001-46.9%

$6,690-68.3%

Admin fee / account holder

$222

$5,541-96.0%

$4,001-94.4%

$13,400-98.3%

UNIVERSITY AT BUFFALO STUDENT ASSOCIATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY AT BUFFALO STUDENT ASSOCIATION 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