Retirement plan

MILESTONE, INC. RETIREMENT PLAN

Name: MILESTONE, INC. - MILESTONE, INC. RETIREMENT PLAN (2021) Form 5500
Creator: MILESTONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILESTONE, INC. RETIREMENT PLAN, MILESTONE, INC.

MILESTONE, INC.EIN 36-2769801Plan #001PY 2021

4060 MCFARLAND ROAD - ROCKFORD, IL 61111815-654-6100milestone-inc.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed September 14, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

4060 McFarland Rd.

Loves Park, IL 61111

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Plans declared (1)

Milestone, Inc. 457(b) Plan5 emp

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Total assets (EOY)

$7.6M

+32.8% from 2020

Total participants

502

-2.1% from 2020

Average account balance

$18,505

+29.9% from 2020

Annual return

27.92%

+23.61 pp from 2020

Benchmarks

See 866 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort866 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.21M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

395

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.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$931K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.6+ years Service code 37 · EIN 27-2037969	Loan Processing	$15,791
AMERICAN FUNDS6+ years Service code 10 · EIN 95-6817943	Accounting	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$53 / participant

Investment mgmt$8K33.5%
Contract admin$16K66.5%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

2 / 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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,505

$58,344-68.3%

$98,477-81.2%

$86,813-78.7%

Participation rate

79.8%

68.4%+11.4pp

73.3%+6.5pp

72.3%+7.5pp

Annual return

27.92%

43.47%-15.6pp

1493.59%-1465.7pp

97.93%-70.0pp

Employer contribution / active EE

$785

$2,008-60.9%

$2,961-73.5%

$2,406-67.4%

Participant deferral / active EE

$674

$3,156-78.6%

$4,276-84.2%

$4,131-83.7%

Admin fee / account holder

$58

$138-58.2%

$5,951-99.0%

$170-66.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6+ years

Service code 37 · EIN 27-2037969

Loan Processing

$15,791

AMERICAN FUNDS6+ years

Service code 10 · EIN 95-6817943

Accounting

MILESTONE, INC. RETIREMENT 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

MILESTONE, INC. RETIREMENT 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