Retirement plan

MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN

Name: MILWAUKEE ART MUSEUM, INC. - MILWAUKEE ART MUSEUM, INC. EMPLOYEES' RETIREMENT INCOME PLAN (2017) 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 2017

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

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$5.8M

+12.9% from 2016

Total participants

325

-6.9% from 2016

Average account balance

$32,634

+18.5% from 2016

Annual return

14.57%

+8.96 pp from 2016

Benchmarks

See 399 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort399 peers

Snapshot2017

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP3+ years Service code 12 · EIN 93-1253576	Claims processing; Custodial (securit...	$30,417
CETERA ADVISOR NETWORKS LLC3+ years Filed as: CETERA ADVISORS LLC Service code 27 · EIN 84-0858799	Advisory (Plan)	$9,015

Plan features & details

Pension benefit codes2F2G2L2M2T2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$39K

$148 / participant

Contract admin$39K100.0%

% of EOY assets

0.675%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,634

$45,324-28.0%

$122,354-73.3%

$69,631-53.1%

Participation rate

45.1%

59.9%-14.8pp

71.6%-26.5pp

70.7%-25.6pp

Annual return

14.57%

25.35%-10.8pp

30.28%-15.7pp

27571.02%-27556.4pp

Employer contribution / active EE

$278

$1,230-77.4%

$4,051-93.1%

$2,032-86.3%

Participant deferral / active EE

$1,093

$2,367-53.8%

$3,287-66.7%

$3,224-66.1%

Admin fee / account holder

$220

$87+153.2%

$5,479-96.0%

$110+99.5%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP3+ years

Service code 12 · EIN 93-1253576

Claims processing; Custodial (securit...

$30,417

CETERA ADVISOR NETWORKS LLC3+ years

Filed as: CETERA ADVISORS LLC

Service code 27 · EIN 84-0858799

Advisory (Plan)

$9,015

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