Retirement plan

INSTITUTE OF REAL ESTATE MANAGEMENT MONEY PURCHASE PENSION PLAN

Name: INSTITUTE OF REAL ESTATE MANAGEMENT - INSTITUTE OF REAL ESTATE MANAGEMENT MONEY PURCHASE PENSION PLAN (2023) Form 5500
Creator: INSTITUTE OF REAL ESTATE MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSTITUTE OF REAL ESTATE MANAGEMENT MONEY PURCHASE PENSION PLAN, INSTITUTE OF REAL ESTATE MANAGEMENT

INSTITUTE OF REAL ESTATE MANAGEMENTEIN 36-6214767Plan #001PY 2023

430 N. MICHIGAN AVENUE - CHICAGO, IL 60611312-329-6062irem.orgLinkedIn51-200 employeesreal estate

Other plans on this EIN

1 filing

#002Retirement-$4.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+14.7% from 2022

Total participants

+10.5% from 2022

Average account balance

$104,397

+3.7% from 2022

Annual return

16.58%

+30.11 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.61M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

177.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$446K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24142

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$621K

$15148 / participant

Other / not subdivided$621K100.0%

% of EOY assets

7.082%

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

$104,397

$57,305+82.2%

$86,640+20.5%

$75,173+38.9%

Participation rate

100.0%

63.2%+36.8pp

71.7%+28.3pp

67.2%+32.8pp

Annual return

16.58%

2674.24%-2657.7pp

592.52%-575.9pp

160.72%-144.1pp

Employer contribution / active EE

$10,044

$2,316+333.7%

$3,024+232.1%

$2,671+276.1%

Participant deferral / active EE

$3,320-100.0%

$4,438-100.0%

$4,126-100.0%

Admin fee / account holder

$7,394

$4,116+79.6%

$5,616+31.7%

$5,651+30.8%

INSTITUTE OF REAL ESTATE MANAGEMENT MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE OF REAL ESTATE MANAGEMENT MONEY PURCHASE 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