Retirement plan

CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN

Name: CHICAGO HISTORICAL SOCIETY - CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN (2018) Form 5500
Creator: CHICAGO HISTORICAL SOCIETY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN, CHICAGO HISTORICAL SOCIETY

CHICAGO HISTORICAL SOCIETYEIN 36-2167004Plan #002PY 2018

1601 NORTH CLARK STREET - CHICAGO, IL 60614312-799-2120

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$8M

+6.7% from 2017

Total participants

156

-16.1% from 2017

Average account balance

$62,893

+26.9% from 2017

Annual return

10.38%

-1.42 pp from 2017

Benchmarks

See 599 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort599 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.47M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

135

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$623K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MATRIX TRUST COMPANY1 year Service code 15 · EIN 75-3182674	Recordkeeping	$27,580
SAGEVIEW ADVISORY GROUP, LLC3+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 27 233 S. WACKER DR. · CHICAGO, IL 60606	Advisory (Plan)	$16,593
GRANT THORNTON LLP1 year Service code 10 · EIN 36-6055558	Accounting	$9,530
MCCREADY & KEENE INC.1 year Service code 15 · EIN 35-0500670	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$227 / participant

Investment mgmt$17K63.5%
Other / not subdivided$10K36.5%

% of EOY assets

0.327%

all-in expense ratio

Categories reported

1 / 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: MITCHELL & TITUS
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,893

$44,221+42.2%

$121,220-48.1%

$56,289+11.7%

Participation rate

74.8%

61.1%+13.7pp

71.8%+3.0pp

69.9%+4.9pp

Annual return

10.38%

-3.58%+14.0pp

16.94%-6.6pp

-9.96%+20.3pp

Employer contribution / active EE

$1,703

$1,480+15.1%

$4,023-57.7%

$2,111-19.3%

Participant deferral / active EE

$2,660

$2,521+5.5%

$3,345-20.5%

$3,350-20.6%

Admin fee / account holder

$206

$480-57.2%

$5,021-95.9%

$521-60.5%

Provider

Service type

Compensation

MATRIX TRUST COMPANY1 year

Service code 15 · EIN 75-3182674

Recordkeeping

$27,580

SAGEVIEW ADVISORY GROUP, LLC3+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27

233 S. WACKER DR. · CHICAGO, IL 60606

Advisory (Plan)

$16,593

GRANT THORNTON LLP1 year

Service code 10 · EIN 36-6055558

Accounting

$9,530

MCCREADY & KEENE INC.1 year

Service code 15 · EIN 35-0500670

Recordkeeping

CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION 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