Retirement plan

MILLICENT ROGERS MUSEUM 401(K) PLAN

Name: MILLICENT ROGERS MUSEUM, INC. - MILLICENT ROGERS MUSEUM 401(K) PLAN (2021) Form 5500
Creator: MILLICENT ROGERS MUSEUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLICENT ROGERS MUSEUM 401(K) PLAN, MILLICENT ROGERS MUSEUM, INC.

MILLICENT ROGERS MUSEUM, INC.EIN 13-6161708Plan #003PY 2021

1504 MILLICENT ROGERS ROAD, P.O. BOX 1210 - TAOS, NM 87571575-758-2462millicentrogers.orgLinkedIn11-50 employeesmuseums and institutions

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$198K

+34.1% from 2020

Total participants

+26.7% from 2020

Average account balance

$10,986

+11.8% from 2020

Annual return

15.12%

-1.94 pp from 2020

Benchmarks

See 8,066 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort8,066 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$227K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5439

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$692 / participant

Other / not subdivided$7K100.0%

% of EOY assets

3.500%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,986

$185,225-94.1%

$142,898-92.3%

$167,553-93.4%

Participation rate

90.0%

78.5%+11.5pp

72.0%+18.0pp

82.1%+7.9pp

Annual return

15.12%

8558.12%-8543.0pp

5639.64%-5624.5pp

478.89%-463.8pp

Employer contribution / active EE

$1,390

$5,607-75.2%

$4,146-66.5%

$4,840-71.3%

Participant deferral / active EE

$2,074

$4,496-53.9%

$3,838-46.0%

$6,343-67.3%

Admin fee / account holder

$385

$8,032-95.2%

$6,560-94.1%

$12,316-96.9%

MILLICENT ROGERS MUSEUM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLICENT ROGERS MUSEUM 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