Retirement plan

GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT, INC. 403(B)(7)PLAN

Name: GREATER MILWAUKEE COMMITTE FOR COMMUNITY DEVELOPMENT - GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT, INC. 403(B)(7)PLAN (2023) Form 5500
Creator: GREATER MILWAUKEE COMMITTE FOR COMMUNITY DEVELOPMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT, INC. 403(B)(7)PLAN, GREATER MILWAUKEE COMMITTE FOR COMMUNITY DEVELOPMENT

GREATER MILWAUKEE COMMITTE FOR COMMUNITY DEVELOPMENTEIN 39-0749512Plan #002PY 2023

247 W FRESHWATER WAY STE 400 - MILWAUKEE, WI 532044117414-905-0102

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$956K

+27.2% from 2022

Total participants

-18.8% from 2022

Average account balance

$79,655

+58.9% from 2022

Annual return

20.03%

+31.53 pp from 2022

Benchmarks

See 41,922 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,922 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.07M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$96K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14059

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2F2G2L2M2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
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

$110K

$15692 / participant

Other / not subdivided$110K100.0%

% of EOY assets

11.491%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,655

$96,635-17.6%

$86,612-8.0%

$139,434-42.9%

Participation rate

85.7%

74.4%+11.3pp

71.7%+14.0pp

80.3%+5.4pp

Annual return

20.03%

106.41%-86.4pp

591.07%-571.0pp

372.94%-352.9pp

Employer contribution / active EE

$7,521

$3,263+130.5%

$3,022+148.8%

$4,751+58.3%

Participant deferral / active EE

$15,415

$4,836+218.8%

$4,438+247.4%

$6,710+129.7%

Admin fee / account holder

$9,154

$6,408+42.9%

$5,614+63.0%

$11,403-19.7%

GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT, INC. 403(B)(7)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT, INC. 403(B)(7)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