Retirement plan

MONEYGRAM PENSION PLAN

Name: MONEYGRAM INTERNATIONAL, INC. - MONEYGRAM PENSION PLAN (2018) Form 5500
Creator: MONEYGRAM INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONEYGRAM PENSION PLAN, MONEYGRAM INTERNATIONAL, INC.

MONEYGRAM INTERNATIONAL, INC.EIN 16-1690064Plan #001PY 2018

2828 N. HARWOOD STREET, SUITE 1500 - DALLAS, TX 75201214-999-7640

Other plans on this EIN

1 filing

#002Retirement-$127.9M assets

Prospect flagsHigh retiree %High cashLow participation

Top hat statement on fileNQDC

Filed October 27, 2021 (most recent of 2 filings on file)

Plan administrator

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2828 North Harwood Street, 15th Floor

Dallas, TX 75201

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Plans declared (1)

MoneyGram International, Inc. Non-Employee Director Deferred Compensation Plan7 emp

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Total assets (EOY)

$119.3M

-1.0% from 2017

Total participants

3,019

-0.2% from 2017

Average account balance

No prior year

Annual return

-2.91%

-10.90 pp from 2017

Benchmarks

See 78 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined benefit

Participants100-249

Cohort78 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$57K

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+326.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
UNIVERSAL DATA CORPORATION4+ years Service code 15 · EIN 41-2002379 331 SECOND AVENUE SOUTH, SUITE 820 · MINNEAPOLIS, MN 55401	Recordkeeping	$286,356
AON CONSULTING4+ years Filed as: AON HEWITT Service code 11 · EIN 27-2436452 200 EAST RANDOLPH STREET, STE 1500 · CHICAGO, IL 60601	Actuarial	$272,824
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO BANK, NA Service code 19 · EIN 41-6257133 INSTITUTIONAL TRUST SERVICES · MINNEAPOLIS, MN 55479	Securities Custodian	$56,509
PRIVATE ADVISOR GROUP LLC4+ years Filed as: PRIVATE BANK AND TRUST CO Service code 27 120 SOUTH LASALLE STREET · CHICAGO, IL 60603	Advisory (Plan)	$43,150

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1I3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$11234 / participant

Investment mgmt$247K17.7%
Contract admin$286K20.6%
Other / not subdivided$860K61.7%

% of EOY assets

1.168%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,193-100.0%

$145,218-100.0%

$37,197-100.0%

Participation rate

0.0%

12.5%-12.5pp

20.5%-20.5pp

4.7%-4.7pp

Annual return

-2.91%

-0.95%-2.0pp

-0.67%-2.2pp

-0.69%-2.2pp

Employer contribution / active EE

$94,051

$18,555+406.9%

$31,731+196.4%

$16,786+460.3%

Participant deferral / active EE

$1,384-100.0%

$473-100.0%

$525-100.0%

Admin fee / account holder

$0-100.0%

$28,383-100.0%

$124-100.0%

Provider

Service type

Compensation

UNIVERSAL DATA CORPORATION4+ years

Service code 15 · EIN 41-2002379

331 SECOND AVENUE SOUTH, SUITE 820 · MINNEAPOLIS, MN 55401

Recordkeeping

$286,356

AON CONSULTING4+ years

Filed as: AON HEWITT

Service code 11 · EIN 27-2436452

200 EAST RANDOLPH STREET, STE 1500 · CHICAGO, IL 60601

Actuarial

$272,824

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO BANK, NA

Service code 19 · EIN 41-6257133

INSTITUTIONAL TRUST SERVICES · MINNEAPOLIS, MN 55479

Securities Custodian

$56,509

PRIVATE ADVISOR GROUP LLC4+ years

Filed as: PRIVATE BANK AND TRUST CO

Service code 27

120 SOUTH LASALLE STREET · CHICAGO, IL 60603

Advisory (Plan)

$43,150

MONEYGRAM PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONEYGRAM PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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