THE GOVERNING COMMITTEE OF THE SECTION 403(B) DEFINED CONTRIBUTION
Retirement Plan Detail
Retirement Plan Ranking
Retirement Plan:
Section 403(B) Defined Contribution Plan For Tax-Exempt Colleges And Universities In Virginia
This plan meets industry benchmarks with a balanced mix of contributions and features but may need enhancements to stand out in recruitment.
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Plan Benchmark
Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$3,405
Avg Employer Contribution per Person per Year
Competitive
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Laggard
25%
1 Year Return
Top Benefits
Peer Group
Size
500+ employees
Region
South Atlantic
Industry
Educational Services
Employer & Employee Contribution
Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort
Plan Details
Plan name
Section 403(B) Defined Contribution Plan For Tax-Exempt Colleges And Universities In Virginia
Plan type
403b
Plan start date
08/01/2018
Plan assets
$1,283,763,729
Participation Rate
91.11 %
Loan %
0.18 %
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Key Plan Features
Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
No
Vesting Requirements
Yes
Returns
The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort
Administrative Fees
Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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FAQs
Benefits Package
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