Retirement plan

NATIONAL MUSEUM OF THE GREAT LAKES SIMPLE 401(K) PLAN

Name: GREAT LAKES HISTORICAL SOCIETY - NATIONAL MUSEUM OF THE GREAT LAKES SIMPLE 401(K) PLAN (2023) Form 5500
Creator: GREAT LAKES HISTORICAL SOCIETY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL MUSEUM OF THE GREAT LAKES SIMPLE 401(K) PLAN, GREAT LAKES HISTORICAL SOCIETY

GREAT LAKES HISTORICAL SOCIETYdba NATIONAL MUSEUM OF THE GREAT LAKESEIN 34-6549217Plan #001PY 2023

1701 FRONT ST. - TOLEDO, OH 43605419-214-5000LinkedIn11-50 employees

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$33K

No prior year

Total participants

No prior year

Average account balance

$3,706

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 9,757 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort9,757 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$142K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.38%

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

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 codes2F2G2J3D

Plan features

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$3,706

$156,927-97.6%

$121,169-96.9%

$139,456-97.3%

Participation rate

100.0%

76.4%+23.6pp

69.5%+30.5pp

80.3%+19.7pp

Annual return

0.00%

1475.85%-1475.8pp

986.71%-986.7pp

373.45%-373.4pp

Employer contribution / active EE

$1,584

$5,542-71.4%

$4,168-62.0%

$4,753-66.7%

Participant deferral / active EE

$2,865

$4,848-40.9%

$4,083-29.8%

$6,711-57.3%

Admin fee / account holder

$6,946-100.0%

$5,645-100.0%

$11,407-100.0%

NATIONAL MUSEUM OF THE GREAT LAKES SIMPLE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NATIONAL MUSEUM OF THE GREAT LAKES SIMPLE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion