Retirement plan

NATIONAL MUSEUM OF MEXICAN ART PROFIT SHARING PLAN

Name: NATIONAL MUSEUM OF MEXICAN ART - NATIONAL MUSEUM OF MEXICAN ART PROFIT SHARING PLAN (2023) Form 5500
Creator: NATIONAL MUSEUM OF MEXICAN ART
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL MUSEUM OF MEXICAN ART PROFIT SHARING PLAN, NATIONAL MUSEUM OF MEXICAN ART

NATIONAL MUSEUM OF MEXICAN ARTEIN 36-3225519Plan #001PY 2023

1852 W 19TH ST - CHICAGO, IL 606082706312-738-1503nationalmuseumofmexicanart.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$1.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+12.8% from 2022

Total participants

+6.7% from 2022

Average account balance

$51,085

+5.7% from 2022

Annual return

9.67%

+26.41 pp from 2022

Benchmarks

See 3,106 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,106 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

113.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1380

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 codes2E2F2G2T3D

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.
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 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.

Expense breakdown

Schedule H Part II

Admin total

$43K

$1520 / participant

Other / not subdivided$43K100.0%

% of EOY assets

2.603%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$51,085

$49,164+3.9%

$121,169-57.8%

$75,181-32.1%

Participation rate

100.0%

55.4%+44.6pp

69.5%+30.5pp

67.2%+32.8pp

Annual return

9.67%

56.03%-46.4pp

986.71%-977.0pp

160.69%-151.0pp

Employer contribution / active EE

$2,661

$1,546+72.1%

$4,168-36.2%

$2,671-0.4%

Participant deferral / active EE

$2,628-100.0%

$4,083-100.0%

$4,126-100.0%

Admin fee / account holder

$1,330

$3,942-66.3%

$5,645-76.4%

$5,650-76.5%

NATIONAL MUSEUM OF MEXICAN ART PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL MUSEUM OF MEXICAN ART PROFIT SHARING 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