UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $124,798,401.This plan was established in 2022.

At the end of 2022, the total number of retirement plan participants in UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 1078

In 2022, the average participant retirement account value for UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $115,768

In 2022, the estimated average employee contribution amount per participant for UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $2,288

In 2022, the estimated average employer match for an employee in UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $2,331

In 2022, UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN allocates $2,512,927 to match its employees’ contributions, providing an employer match rate of 101.85% of their contributions

In 2022, the total retirement plan asset growth rate of UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is -3.46%

In 2022, the estimated aggregate retirement account investment gain/loss for UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is -3.89%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 0.05%.

Enrollment Features

UTICA UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.