Retirement plan

CORBAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Name: CORBAN UNIVERSITY - CORBAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (2019) Form 5500
Creator: CORBAN UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORBAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN, CORBAN UNIVERSITY

CORBAN UNIVERSITYEIN 94-1312349Plan #002PY 2019

5000 DEER PARK DRIVE S.E. - SALEM, OR 973179392503-581-8600corban.eduLinkedIn51-200 employeeshigher education

Prospect flagsLow returnsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.9M

+0.8% from 2018

Total participants

305

+1.7% from 2018

Average account balance

$46,559

+4.8% from 2018

Annual return

4.14%

-3.74 pp from 2018

Benchmarks

See 1,482 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,482 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.14M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

266

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$570K

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

+10.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 1 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY2 years Filed as: VARIABLE ANNUITY LIFE INSURANCE COM Service code 19 · EIN 74-1625348 2929 ALLEN PARKWAY · HOUSTON, TX 77019	Securities Custodian	$23,713

Plan features & details

Pension benefit codes2F2G2K2L

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$24K

$160 / participant

Contract admin$24K100.0%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

1 / 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: CAPIN CROUSE LLP
Auditor EIN: 363990892
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,559

$60,795-23.4%

$69,483-33.0%

$65,186-28.6%

Participation rate

81.8%

74.9%+6.9pp

74.6%+7.2pp

70.2%+11.6pp

Annual return

4.14%

17.46%-13.3pp

28.99%-24.9pp

29.39%-25.2pp

Employer contribution / active EE

$138

$2,452-94.4%

$2,780-95.0%

$2,177-93.6%

Participant deferral / active EE

$4,023

$3,162+27.2%

$3,537+13.7%

$3,514+14.5%

Admin fee / account holder

$85

$314-72.8%

$3,841-97.8%

$847-89.9%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY2 years

Filed as: VARIABLE ANNUITY LIFE INSURANCE COM

Service code 19 · EIN 74-1625348

2929 ALLEN PARKWAY · HOUSTON, TX 77019

Securities Custodian

$23,713

CORBAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORBAN UNIVERSITY DEFINED CONTRIBUTION 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