Retirement plan

THE MCGREGOR RETIREMENT SAVINGS PLAN

Name: THE MCGREGOR FOUNDATION - THE MCGREGOR RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: THE MCGREGOR FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MCGREGOR RETIREMENT SAVINGS PLAN, THE MCGREGOR FOUNDATION

THE MCGREGOR FOUNDATIONEIN 34-0714356Plan #003PY 2024

14900 PRIVATE DRIVE EAST - CLEVELAND, OH 44112216-268-8670mcgregoramasa.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

+32.6% from 2023

Total participants

550

+17.3% from 2023

Average account balance

$40,624

+28.7% from 2023

Annual return

21.41%

+2.65 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$8.25M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

203

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.

33.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+21.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
OPPENHEIMER6 years Filed as: OPPENHEIMER & CO. Service code 26 · EIN 13-5657518	Advisory (Participants)	$31,589
THE VANGUARD GROUP, INC.7 years Filed as: THE VANGUARD GROUP Service code 15 · EIN 23-1945930	Recordkeeping	$19,875
CREATIVE RETIREMENT SYSTEMS, INC.7 years Filed as: CREATIVE RETIRMENT SYSTEMS, INC Service code 14 · EIN 31-1299207 25 MERCHANT ST, SUITE 125 · CINCINNATI, OH 45246	Plan Administrator	$11,425
HW&CO.2 years Filed as: HW & CO Service code 10 28601 CHAGRIN BLVD, STE 210 · CLEVELAND, OH 44122	Accounting	$7,500
MCGREGOR & ASSOCIATES, INC.3 years Filed as: THE MCGREGOR HOME Service code 10 14900 PRIVATE DRIVE E · CLEVELAND, OH 44112	Accounting	$0

Plan features & details

Pension benefit codes2E3H2G2J2K2L2T3D2F

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$122 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.771%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLC
Auditor EIN: 222428965
Audit fees: $0
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,624

$50,815-20.1%

$155,509-73.9%

$77,643-47.7%

Participation rate

33.4%

63.1%-29.7pp

78.2%-44.8pp

70.6%-37.2pp

Annual return

21.41%

34.80%-13.4pp

64.67%-43.3pp

31.24%-9.8pp

Employer contribution / active EE

$469

$1,993-76.5%

$4,672-90.0%

$2,726-82.8%

Participant deferral / active EE

$1,656

$2,822-41.3%

$5,626-70.6%

$4,647-64.4%

Admin fee / account holder

$313

$437-28.3%

$15,912-98.0%

$430-27.2%

Provider

Service type

Compensation

OPPENHEIMER6 years

Filed as: OPPENHEIMER & CO.

Service code 26 · EIN 13-5657518

Advisory (Participants)

$31,589

THE VANGUARD GROUP, INC.7 years

Filed as: THE VANGUARD GROUP

Service code 15 · EIN 23-1945930

Recordkeeping

$19,875

CREATIVE RETIREMENT SYSTEMS, INC.7 years

Filed as: CREATIVE RETIRMENT SYSTEMS, INC

Service code 14 · EIN 31-1299207

25 MERCHANT ST, SUITE 125 · CINCINNATI, OH 45246

Plan Administrator

$11,425

HW&CO.2 years

Filed as: HW & CO

Service code 10

28601 CHAGRIN BLVD, STE 210 · CLEVELAND, OH 44122

Accounting

$7,500

MCGREGOR & ASSOCIATES, INC.3 years

Filed as: THE MCGREGOR HOME

Service code 10

14900 PRIVATE DRIVE E · CLEVELAND, OH 44112

Accounting

THE MCGREGOR RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MCGREGOR RETIREMENT SAVINGS 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