Retirement plan

MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN

Name: MILWAUKEE ART MUSEUM, INC. - MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN (2024) Form 5500
Creator: MILWAUKEE ART MUSEUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN, MILWAUKEE ART MUSEUM, INC.

MILWAUKEE ART MUSEUM, INC.EIN 39-0806316Plan #001PY 2024

700 NORTH ART MUSEUM DRIVE - MILWAUKEE, WI 53202414-224-3881mam.orgLinkedIn201-500 employeesmuseums and institutions

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.1M

+11.8% from 2023

Total participants

217

-10.7% from 2023

Average account balance

$64,265

+17.4% from 2023

Annual return

13.87%

-1.32 pp from 2023

Benchmarks

See 827 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort827 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.06M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

141

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$778K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC10+ years Filed as: CETERA ADVISORS LLC Service code 27 · EIN 84-0858799	Advisory (Plan)	$25,406
STANCORP FINANCIAL GROUP10+ years Service code 12 · EIN 93-1253576	Custodial (other than securities); Su...	$25,314

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$50K

$293 / participant

Investment mgmt$25K50.7%
Contract admin$25K50.5%

% of EOY assets

0.553%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,265

$52,450+22.5%

$129,397-50.3%

$74,429-13.7%

Participation rate

55.6%

53.8%+1.7pp

69.6%-14.1pp

67.2%-11.7pp

Annual return

13.87%

15.65%-1.8pp

9453.98%-9440.1pp

1368.38%-1354.5pp

Employer contribution / active EE

$967

$1,532-36.9%

$4,154-76.7%

$2,625-63.2%

Participant deferral / active EE

$3,585

$2,797+28.2%

$4,167-14.0%

$4,348-17.6%

Admin fee / account holder

$356

$2,636-86.5%

$7,679-95.4%

$1,944-81.7%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC10+ years

Filed as: CETERA ADVISORS LLC

Service code 27 · EIN 84-0858799

Advisory (Plan)

$25,406

STANCORP FINANCIAL GROUP10+ years

Service code 12 · EIN 93-1253576

Custodial (other than securities); Su...

$25,314

MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME 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