Retirement plan

MILLENNIUM PARTNERS MANAGEMENT LLC 401(K) PLAN

Name: MILLENNIUM PARTNERS MANAGEMENT L - MILLENNIUM PARTNERS MANAGEMENT LLC 401(K) PLAN (2023) Form 5500
Creator: MILLENNIUM PARTNERS MANAGEMENT L
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLENNIUM PARTNERS MANAGEMENT LLC 401(K) PLAN, MILLENNIUM PARTNERS MANAGEMENT L

MILLENNIUM PARTNERS MANAGEMENT LEIN 13-3946388Plan #002PY 2023

1995 BROADWAY, SUITE 1201 - NEW YORK, NY 10023212-875-4983LinkedIn51-200 employeesreal estate

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$25.2M

+17.2% from 2022

Total participants

158

-4.8% from 2022

Average account balance

$190,613

+24.3% from 2022

Annual return

19.58%

+37.55 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.68M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

133

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$127

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 3 by compensation

Provider	Service type	Compensation
MESIROW FINANCIAL INVESTMENT MANAGE7 years Service code 15 · EIN 36-3429599	Recordkeeping	$11,132
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$3,494
ADP BROKER-DEALER9+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$15K

$125 / participant

Recordkeeping$3K23.9%
Investment mgmt$11K76.1%

% of EOY assets

0.058%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: G.R. REID ASSOCIATES LLP
Auditor EIN: 203704273
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,613

$65,428+191.3%

$169,390+12.5%

$71,511+166.6%

Participation rate

77.8%

66.9%+10.9pp

77.2%+0.6pp

67.9%+9.8pp

Annual return

19.58%

21.35%-1.8pp

406.07%-386.5pp

28.86%-9.3pp

Employer contribution / active EE

$2,064-100.0%

$4,013-100.0%

$2,589-100.0%

Participant deferral / active EE

$9,569

$4,360+119.5%

$6,222+53.8%

$4,291+123.0%

Admin fee / account holder

$111

$1,328-91.7%

$9,015-98.8%

$1,588-93.0%

Provider

Service type

Compensation

MESIROW FINANCIAL INVESTMENT MANAGE7 years

Service code 15 · EIN 36-3429599

Recordkeeping

$11,132

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$3,494

ADP BROKER-DEALER9+ years

Service code 49 · EIN 22-3319984

Other Services

MILLENNIUM PARTNERS MANAGEMENT LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLENNIUM PARTNERS MANAGEMENT LLC 401(K) 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