Retirement plan

WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN

Name: WESTERN UNIVERSITY OF HEALTH SCIENCES - WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN (2024) Form 5500
Creator: WESTERN UNIVERSITY OF HEALTH SCIENCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN, WESTERN UNIVERSITY OF HEALTH SCIENCES

WESTERN UNIVERSITY OF HEALTH SCIENCESEIN 95-3127273Plan #001PY 2024

309 E SECOND STREET - POMONA, CA 917661854909-469-5696westernu.eduLinkedIn1001-5000 employeeshigher education

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$335.9M

+11.7% from 2023

Total participants

2,313

-3.1% from 2023

Average account balance

$146,279

+11.5% from 2023

Annual return

14.83%

-1.07 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$335.86M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

2,296

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.95M

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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
TIAA7 years Service code 12 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 10017	Recordkeeping and information managem...	$215,115
MUTUAL OF AMERICA INVESTMENT CORP5 years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399 111 WEST PCEAN BLVD. SUITE 925 · LONG BEACH, CA 908027931	Recordkeeping and information managem...	$1,833

Plan features & details

Pension benefit codes2L2F2G2T2M

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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.

Opportunity flags

1 tripped

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

$231K

$177 / participant

Contract admin$214K92.5%
Other / not subdivided$17K7.5%

% of EOY assets

0.069%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$146,279

$113,568+28.8%

$67,561+116.5%

$199,921-26.8%

Participation rate

98.7%

73.3%+25.4pp

72.9%+25.8pp

72.0%+26.7pp

Annual return

14.83%

15.88%-1.1pp

3525.44%-3510.6pp

34.28%-19.5pp

Employer contribution / active EE

$6,228

$3,409+82.7%

$2,735+127.7%

$3,035+105.2%

Participant deferral / active EE

$7,535

$4,163+81.0%

$4,003+88.2%

$5,089+48.1%

Admin fee / account holder

$101

$102-1.7%

$4,006-97.5%

$269-62.6%

Provider

Service type

Compensation

TIAA7 years

Service code 12 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 10017

Recordkeeping and information managem...

$215,115

MUTUAL OF AMERICA INVESTMENT CORP5 years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12 · EIN 13-1614399

111 WEST PCEAN BLVD. SUITE 925 · LONG BEACH, CA 908027931

Recordkeeping and information managem...

$1,833

WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN UNIVERSITY OF HEALTH SCIENCES 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