Retirement plan

UNIVERSITY-STUDENT UNION BOARD 403(B) DC PLAN

Name: UNIVERSITY-STUDENT UNION, CALIFORNIA STATE UNIVERSITY, LOS ANGELES - UNIVERSITY-STUDENT UNION BOARD 403(B) DC PLAN (2023) Form 5500
Creator: UNIVERSITY-STUDENT UNION, CALIFORNIA STATE UNIVERSITY, LOS ANGELES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY-STUDENT UNION BOARD 403(B) DC PLAN, UNIVERSITY-STUDENT UNION, CALIFORNIA STATE UNIVERSITY, LOS ANGELES

UNIVERSITY-STUDENT UNION, CALIFORNIA STATE UNIVERSITY, LOS ANGELESEIN 95-3122264Plan #001PY 2023

5154 STATE UNIVERSITY DRIVE, U-SU 306 - LOS ANGELES, CA 90032323-343-2455LinkedIn11-50 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.1M

+13.3% from 2022

Total participants

104

+1.0% from 2022

Average account balance

$107,525

+11.1% from 2022

Annual return

24.68%

+39.17 pp from 2022

Benchmarks

See 4,424 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,424 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.70M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

106

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.

378.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$408K

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

+27.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19508

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 codes2F2G2L2T3D

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$54466 / participant

Other / not subdivided$2M100.0%

% of EOY assets

14.262%

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

$107,525

$46,596+130.8%

$64,099+67.7%

$75,181+43.0%

Participation rate

96.6%

65.9%+30.6pp

72.3%+24.2pp

67.2%+29.4pp

Annual return

24.68%

26.04%-1.4pp

33.70%-9.0pp

160.69%-136.0pp

Employer contribution / active EE

$8,417

$1,975+326.2%

$2,748+206.3%

$2,671+215.2%

Participant deferral / active EE

$7,685

$2,837+170.9%

$3,881+98.0%

$4,126+86.3%

Admin fee / account holder

$15,335

$2,954+419.1%

$3,070+399.5%

$5,650+171.4%

UNIVERSITY-STUDENT UNION BOARD 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY-STUDENT UNION BOARD 403(B) DC 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