Retirement plan

MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN

Name: MODERN WOODMEN OF AMERICA - MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN (2018) Form 5500
Creator: MODERN WOODMEN OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN, MODERN WOODMEN OF AMERICA

MODERN WOODMEN OF AMERICAEIN 36-1493430Plan #004PY 2018

1701 FIRST AVENUE - ROCK ISLAND, IL 612018724309-786-6481modernwoodmen.orgLinkedIn1001-5000 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$575.6M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 29, 2022 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1701 1st Ave

Rock Island, IL 61201

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Plans declared (1)

Modern Woodmen of America Supplemental Executive Retirement Plan II233 emp

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Total assets (EOY)

$175.2M

-5.2% from 2016

Total participants

1,365

-0.1% from 2016

Average account balance

$140,967

-4.0% from 2016

Annual return

-3.83%

-7.19 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$250.53M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

1,831

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.49M

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

+12.77%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.4+ years Filed as: VANGUARD FIDUCIARY TRUST COMPANY Service code 16 · EIN 23-1945930	Consulting	$4,450

Plan features & details

Pension benefit codes2F2G2J2T3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$20 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

0 / 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: ERNST & YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,967

$82,546+70.8%

$140,019+0.7%

$75,289+87.2%

Participation rate

88.8%

88.4%+0.5pp

87.5%+1.3pp

72.4%+16.4pp

Annual return

-3.83%

-0.36%-3.5pp

651.19%-655.0pp

-0.04%-3.8pp

Employer contribution / active EE

$2,188

$3,856-43.2%

$5,605-61.0%

$2,405-9.0%

Participant deferral / active EE

$6,308

$5,731+10.1%

$6,927-8.9%

$3,739+68.7%

Admin fee / account holder

$18

$86-79.4%

$10,705-99.8%

$102-82.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.4+ years

Filed as: VANGUARD FIDUCIARY TRUST COMPANY

Service code 16 · EIN 23-1945930

Consulting

$4,450

MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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