Retirement plan

THE MACKINAC CENTER FOR PUBLIC POLICY 403(B) RETIREMENT PLAN

Name: THE MACKINAC CENTER FOR PUBLIC POLICY - THE MACKINAC CENTER FOR PUBLIC POLICY 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: THE MACKINAC CENTER FOR PUBLIC POLICY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MACKINAC CENTER FOR PUBLIC POLICY 403(B) RETIREMENT PLAN, THE MACKINAC CENTER FOR PUBLIC POLICY

THE MACKINAC CENTER FOR PUBLIC POLICYEIN 38-2701547Plan #001PY 2023

140 WEST MAIN STREET - MIDLAND, MI 48640989-631-0900

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+26.6% from 2022

Total participants

+15.1% from 2022

Average account balance

$129,285

+10.5% from 2022

Annual return

23.56%

+39.44 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

$8.54M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

118.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$441K

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

+17.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4271

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 codes2F2G2M2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

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

$234K

$5094 / participant

Other / not subdivided$234K100.0%

% of EOY assets

3.295%

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

$129,285

$57,330+125.5%

$86,656+49.2%

$75,177+72.0%

Participation rate

87.0%

63.2%+23.8pp

71.7%+15.3pp

67.2%+19.8pp

Annual return

23.56%

2675.40%-2651.8pp

593.09%-569.5pp

160.75%-137.2pp

Employer contribution / active EE

$2,323

$2,316+0.3%

$3,025-23.2%

$2,671-13.0%

Participant deferral / active EE

$6,342

$3,320+91.0%

$4,439+42.9%

$4,126+53.7%

Admin fee / account holder

$4,260

$4,115+3.5%

$5,619-24.2%

$5,651-24.6%

THE MACKINAC CENTER FOR PUBLIC POLICY 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MACKINAC CENTER FOR PUBLIC POLICY 403(B) RETIREMENT 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