Other · DOL Form 5500 · 2023

Drake University Retirement Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
551
Participants Below avg headcount
89th
Percentile by assets National rank
$141,080
Avg per participant Near avg balance/head
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Official DOL plan name: Drake University Voluntary Tax-Deferred Annuity Retirement Plan · Sponsored by Drake University · Iowa · Educational Services

$78M in assets, 551 participants

Drake University's Drake University Voluntary Tax-Deferred Annuity Retirement Plan reported $78M in total assets and 551 participants in its 2023 DOL Form 5500 filing, ranking in the 89th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,034 in Educational Services (3,735 peers)

Where Drake University Voluntary Tax-Deferred Annuity Retirement Plan sits by assets

Drake University Voluntary Tax-Deferred Annuity Retirement Plan sits in the top quartile of all filed plans by assets, $78M for 551 participants (~$141,080/participant), up 12.0% in 2023.

#3,034
in Educational Services (3,735 peers)
+12.0%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Drake University Voluntary Tax-Deferred Annuity Retirement Plan's outsized position by total assets

Drake University Voluntary Tax-Deferred Annuity Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$77,735,344 Top 11% higher than 89% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Drake University Voluntary Tax-Deferred Annuity Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Drake University Voluntary Tax-Deferred Annuity Retirement Plan sits mid-pack in the medium band (551 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Drake University Voluntary Tax-Deferred Annuity Retirement Plan reported net income rose from -$8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Drake University Voluntary Tax-Deferred Annuity Retirement Plan end-of-year assets rose from $69M in the plan year 2022 filing to $78M in the plan year 2023 filing.
  • Drake University Voluntary Tax-Deferred Annuity Retirement Plan reported participants rose from 522 in the plan year 2022 filing to 551 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 420680460 · Drake University PY 2023 · Other

Drake University Voluntary Tax-Deferred Annuity Retirement Plan · $78M · 551 · 89th

  • NET $78M
  • BOOK 551
  • VS-ST 89th
  • BOY Other
  • SCH near Holzer Health System 403b Plan
  • EBSA ind #3034

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Educational Services retirement plans → · Plans in Iowa →

Drake University Voluntary Tax-Deferred Annuity Retirement Plan in the asset neighbourhood

Baxter Regional Medical Center 403(b) Pension PlanBaxter Regional Medical Cent…$78MDrake University Voluntary Tax-Deferred Annuity Retirement PlanDrake University Voluntary T…$78MHolzer Health System 403b PlanHolzer Health System 403b Pl…$78MTax Deferred Annuity Program for Employees of Valley Presbyterian HospitalTax Deferred Annuity Program…$78MFrancis W. Parker School Defined Contribution Retirement PlanFrancis W. Parker School Def…$78M
End-of-year total assets ($M) among Drake University Voluntary Tax-Deferred Annuity Retirement Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$78M
Net Income$8M
Employer EIN420680460
Plan Effective Date1962-06-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Drake University)

Sponsor-wide plan assets over time

All Drake University plans reported in each filing year

Latest sponsor-wide plan assets
$383M 20.521256099453% vs 2022
2024 filing year
$300M$320M$340M$360M$380M$400M 202220232024 $318M $383M ▲ +20.5%
Year Plans Participants Total Assets
2022 2 1,704 $318M
2023 2 1,775 $355M
2024 2 1,845 $383M

Nearby Other Plans in Iowa

Peer Other plans, same state, same plan type, ranked by total assets.

Drake University Voluntary Tax-Deferred Annuity Retirement Plan vs. nearby Other plans in Iowa, assets vs. participants Scatter plot of 6 data points. 010002000300040005000 0200400600800 Total assets ($M) Participants Drake University Voluntary Tax-Deferred Annuity Retirement Plan, Total assets ($M): 77.735344 · Participants: 551Drake University Voluntary Tax-Deferred Annuity Retirement PlanIaicu Multiple Employer Plan, Total assets ($M): 593.244111 · Participants: 2396Iaicu Multiple Employer PlanAct, Inc. Defined Contribution Retirement Plan, Total assets ($M): 425.690125 · Participants: 1043Act, Inc. Defined Contribution Retirement PlanGrinnell College Employees Retirement Savings Plan, Total assets ($M): 352.550863 · Participants: 810Grinnell College Employees Retirement Savings PlanGenesis Health System Retirement Savings Plan, Total assets ($M): 344.594954 · Participants: 4651Genesis Health System Retirement Savings PlanDrake University Mandatory Tax-Deferred Annuity Retirement Plan, Total assets ($M): 277.013704 · Participants: 1224Drake University Mandatory Tax-Deferred Annuity Retirement Plan
Drake University Voluntary Tax-Deferred Annuity Retirement Plan vs. nearby Other plans in Iowa, assets vs. participants
Compare Drake University Voluntary Tax-Deferred Annuity Retirement Plan side-by-side with 3 peers →

Drake University Voluntary Tax-Deferred Annuity Retirement Plan's out-of-state Other peers by assets and headcount

Outside Iowa, the nearest Other by assets is Holzer Health System 403b Plan in OH ($78M); by covered participants it is Mount Desert Island Hospital Employee Savings Plan in ME (551 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (551 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Drake University Voluntary Tax-Deferred Annuity Retirement Plan assets move in 2023? ▼
Drake University Voluntary Tax-Deferred Annuity Retirement Plan grew at a solid clip - up 12.0% during 2023, from $69M to $78M. Reported net income was $8M.
How have Drake University plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Drake University's sponsor-wide assets grew 20.5%, from $318M to $383M.
Where does Drake University Voluntary Tax-Deferred Annuity Retirement Plan rank by assets among Form 5500 filers? ▼
Drake University Voluntary Tax-Deferred Annuity Retirement Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to Drake University Voluntary Tax-Deferred Annuity Retirement Plan? ▼
Among Other plans in other states, the closest by assets is Holzer Health System 403b Plan in OH ($78M, 2,514 participants).
Which Other plans cover a similar participant headcount to Drake University Voluntary Tax-Deferred Annuity Retirement Plan? ▼
Among Other plans in other states, the closest by covered participants is Mount Desert Island Hospital Employee Savings Plan in ME (551 participants, $44M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 420680460.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.