Retirement plan

WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN

Name: WESTERN UNIVERSITY OF HEALTH SCIENCES - WESTERN UNIVERSITY OF HEALTH SCIENCES 403(B) PLAN (2021) 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 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$293.2M

-10.6% from 2016

Total participants

2,174

-3.7% from 2016

Average account balance

$135,986

-7.2% from 2016

Annual return

13.63%

-6.26 pp from 2016

Benchmarks

See 270 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort270 peers

Snapshot2021

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
MUTUAL OF AMERICA INVESTMENT CORP2 years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 95-3127273 111 WEST PCEAN BLVD. SUITE 925 · LONG BEACH, CA 908027931	Account maintenance fees; Claims proc...	$1,384
TIAA4 years Service code 12 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 10017	Participant loan processing; Recordke...	$225

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$5K

$4 / participant

Contract admin$5K100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,986

$120,057+13.3%

$75,728+79.6%

$93,010+46.2%

Participation rate

98.5%

77.3%+21.2pp

74.8%+23.7pp

73.9%+24.6pp

Annual return

13.63%

19.62%-6.0pp

104.66%-91.0pp

158.70%-145.1pp

Employer contribution / active EE

$6,152

$3,253+89.1%

$2,743+124.2%

$2,705+127.4%

Participant deferral / active EE

$7,336

$4,089+79.4%

$3,820+92.0%

$4,561+60.8%

Admin fee / account holder

$81-97.1%

$3,620-99.9%

$152-98.5%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP2 years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12 · EIN 95-3127273

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

Account maintenance fees; Claims proc...

$1,384

TIAA4 years

Service code 12 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 10017

Participant loan processing; Recordke...

$225

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