Retirement plan

CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE MONEY PURCHASE PENSION PLAN

Name: CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE - CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE MONEY PURCHASE PENSION PLAN (2023) Form 5500
Creator: CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE MONEY PURCHASE PENSION PLAN, CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE

CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCEEIN 95-6151774Plan #003PY 2023

1731 E 120TH STREET, SUITE 299 - LOS ANGELES, CA 900593051323-563-5834

Other plans on this EIN

1 filing

#002Retirement-$44.3M assets

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$22.5M

+9.5% from 2022

Total participants

615

-6.0% from 2022

Average account balance

$37,211

+14.6% from 2022

Annual return

15.01%

+26.29 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.54M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

586

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.88%

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
TIAA7 years Service code 15 · EIN 13-1624203	Recordkeeping	$1,490

Plan features & details

Pension benefit codes2A2C2F2G2L3J

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$1K

$14 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,211

$65,582-43.3%

$64,097-41.9%

$71,529-48.0%

Participation rate

90.5%

73.2%+17.3pp

72.3%+18.2pp

67.9%+22.5pp

Annual return

15.01%

18.96%-3.9pp

33.75%-18.7pp

28.97%-14.0pp

Employer contribution / active EE

$2,671-100.0%

$2,750-100.0%

$2,590-100.0%

Participant deferral / active EE

$3,628-100.0%

$3,881-100.0%

$4,291-100.0%

Admin fee / account holder

$616-99.6%

$3,070-99.9%

$1,588-99.8%

Provider

Service type

Compensation

TIAA7 years

Service code 15 · EIN 13-1624203

Recordkeeping

$1,490

CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE MONEY PURCHASE PENSION 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