Retirement plan

CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN

Name: CHICAGO HISTORICAL SOCIETY - CHICAGO HISTORICAL SOCIETY DEFINED CONTRIBUTION PENSION PLAN (2019) 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 2019

1601 NORTH CLARK STREET - CHICAGO, IL 60614312-799-2210

Prospect flagsHigh retiree %Low returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$7.3M

-8.1% from 2018

Total participants

136

-12.8% from 2018

Average account balance

$55,592

-11.6% from 2018

Annual return

5.90%

-4.48 pp from 2018

Benchmarks

See 2,672 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,672 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 10 1920 MAIN ST STE 800 · IRVINE, CA 92614	Accounting	$18,938
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,234
MITCHELL & TITUS, LLP1 year Filed as: MITCHELL & TITUS LLP Service code 10 ONE BATTERY PARK PLAZA 27TH FL · NEW YORK, NY 10004	Accounting	$14,825
WASHINGTON, PITTMAN & MCKEEVER, LLC1 year Filed as: WASHINGTON PITTMAN & MCKEEVER, LLC Service code 10 819 S WABASH AVE STE 819 · CHICAGO, IL 60605	Accounting	$14,825
MCCREADY & KEENE INC.1 year Filed as: MCCREADY AND KEENE INC Service code 99 7941 CASTLEWAY DRIVE · INDIANAPOLIS, IN 46250	Other Fees	$6,828
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$663

Plan features & details

Pension benefit codes2E2F2G2J3D2S2T

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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$72K

$904 / participant

Contract admin$72K100.0%

% of EOY assets

0.985%

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

$55,592

$48,570+14.5%

$130,660-57.5%

$72,976-23.8%

Participation rate

95.0%

58.6%+36.4pp

71.7%+23.3pp

69.5%+25.5pp

Annual return

5.90%

38.63%-32.7pp

1709.29%-1703.4pp

81.02%-75.1pp

Employer contribution / active EE

$1,334-100.0%

$4,092-100.0%

$2,440-100.0%

Participant deferral / active EE

$3,932

$2,384+64.9%

$3,603+9.1%

$3,608+9.0%

Admin fee / account holder

$548

$3,549-84.6%

$5,463-90.0%

$5,124-89.3%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 10

1920 MAIN ST STE 800 · IRVINE, CA 92614

Accounting

$18,938

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,234

MITCHELL & TITUS, LLP1 year

Filed as: MITCHELL & TITUS LLP

Service code 10

ONE BATTERY PARK PLAZA 27TH FL · NEW YORK, NY 10004

Accounting

$14,825

WASHINGTON, PITTMAN & MCKEEVER, LLC1 year

Filed as: WASHINGTON PITTMAN & MCKEEVER, LLC

Service code 10

819 S WABASH AVE STE 819 · CHICAGO, IL 60605

Accounting

$14,825

MCCREADY & KEENE INC.1 year

Filed as: MCCREADY AND KEENE INC

Service code 99

7941 CASTLEWAY DRIVE · INDIANAPOLIS, IN 46250

Other Fees

$6,828

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$663

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