Retirement plan

CHAPMAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

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

CHAPMAN UNIVERSITYEIN 95-1643992Plan #003PY 2019

ONE UNIVERSITY DRIVE - ORANGE, CA 928661005714-997-6686chapman.eduLinkedIn501-1000 employeeshigher education

Other plans on this EIN

1 filing

#002Retirement-$211.8M assets

Prospect flagsHigh retiree %Low returnsHigh feesLow participationHigh assets / participantFailed to provide benefit

Top hat statement on fileNQDC

Filed December 27, 2011

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)

$172.4M

-10.4% from 2016

Total participants

3,694

-2.6% from 2016

Average account balance

$28,739,704

-5.4% from 2016

Annual return

5.61%

-6.70 pp from 2016

Benchmarks

See 266 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$269.13M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

3,252

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 5 by compensation

Provider	Service type	Compensation
BENEFIT FUNDING SERVICES GROUP5+ years Service code 16 · EIN 20-8532658	Consulting	$45,000
5500TAX GROUP, INC.3 years Service code 64 · EIN 20-2116576	Recordkeeping Fees	$14,242
TEACHERS INSURANCE & ANNUITY ASSOC5+ years Filed as: TEACHERS INS AND ANNUITY ASSOC Service code 19 · EIN 13-1624203	Securities Custodian	$7,882
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Filed as: FIDELITY INV INST OPER CO INC. Service code 64 · EIN 04-2647786	Recordkeeping Fees	$550
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Filed as: FIDELITY INV INST OPS CO INC. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2K2R3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$67K

$29 / participant

Other / not subdivided$67K100.0%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

0 / 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: ALMICH & ASSOCIATES
Auditor EIN: 330526284
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,739,704

$204,517+13952.5%

$69,480+41264.0%

$77,775+36852.5%

Participation rate

0.0%

74.6%-74.6pp

73.2%-73.2pp

Annual return

5.61%

22.10%-16.5pp

28.99%-23.4pp

32.58%-27.0pp

Employer contribution / active EE

$5,242

$3,548+47.8%

$2,780+88.6%

$2,504+109.3%

Participant deferral / active EE

$3,478-100.0%

$3,537-100.0%

$3,966-100.0%

Admin fee / account holder

$11,246

$101+11082.2%

$3,840+192.9%

$100+11137.8%

Provider

Service type

Compensation

BENEFIT FUNDING SERVICES GROUP5+ years

Service code 16 · EIN 20-8532658

Consulting

$45,000

5500TAX GROUP, INC.3 years

Service code 64 · EIN 20-2116576

Recordkeeping Fees

$14,242

TEACHERS INSURANCE & ANNUITY ASSOC5+ years

Filed as: TEACHERS INS AND ANNUITY ASSOC

Service code 19 · EIN 13-1624203

Securities Custodian

$7,882

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Filed as: FIDELITY INV INST OPER CO INC.

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$550

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Filed as: FIDELITY INV INST OPS CO INC.

Service code 60

Sub-TA Fees

CHAPMAN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAPMAN UNIVERSITY DEFINED CONTRIBUTION 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