Retirement plan

INSTITUTE OF REAL ESTATE MANAGEMENT 401(K) PLAN

Name: INSTITUTE OF REAL ESTATE MANAGEMENT - INSTITUTE OF REAL ESTATE MANAGEMENT 401(K) 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 401(K) PLAN, INSTITUTE OF REAL ESTATE MANAGEMENT

INSTITUTE OF REAL ESTATE MANAGEMENTEIN 36-6214767Plan #002PY 2023

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

Other plans on this EIN

1 filing

#001Retirement-$8.8M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.5M

+1.3% from 2022

Total participants

+7.2% from 2022

Average account balance

$60,745

-6.9% from 2022

Annual return

17.97%

+34.82 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.69M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$421K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+22.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4097

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 codes2F2G2J3D

Plan features

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.
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

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.)

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$28480 / participant

Other / not subdivided$1M100.0%

% of EOY assets

25.976%

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

$60,745

$57,330+6.0%

$86,656-29.9%

$75,177-19.2%

Participation rate

100.0%

63.2%+36.8pp

71.7%+28.3pp

67.2%+32.8pp

Annual return

17.97%

2675.40%-2657.4pp

593.09%-575.1pp

160.75%-142.8pp

Employer contribution / active EE

$63

$2,316-97.3%

$3,025-97.9%

$2,671-97.6%

Participant deferral / active EE

$9,329

$3,320+181.0%

$4,439+110.1%

$4,126+126.1%

Admin fee / account holder

$15,779

$4,115+283.5%

$5,619+180.8%

$5,651+179.2%

INSTITUTE OF REAL ESTATE MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE OF REAL ESTATE MANAGEMENT 401(K) 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