Retirement plan

MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN

Name: MILWAUKEE RESCUE MISSION - MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: MILWAUKEE RESCUE MISSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN, MILWAUKEE RESCUE MISSION

MILWAUKEE RESCUE MISSIONEIN 39-0816851Plan #001PY 2022

830 NORTH 19TH STREET - MILWAUKEE, WI 532331616414-344-2211milmission.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.9M

-7.8% from 2021

Total participants

207

-11.9% from 2021

Average account balance

$33,475

+3.8% from 2021

Annual return

-15.59%

-27.05 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.56M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

221

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$908K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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 3 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT Service code 99 · EIN 39-2018056	Other Fees	$25,404
SIKICH LLP1 year Filed as: SIKICH CAPITAL MANAGEMENT LLC Service code 49 · EIN 36-3168081	Other Services	$6,504
VOYA RETIREMENT INSURANCE & ANNUITY7 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21K

$133 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS, S.C.
Auditor EIN: 391453055
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,475

$51,226-34.7%

$82,744-59.5%

$66,938-50.0%

Participation rate

100.0%

67.9%+32.1pp

72.6%+27.4pp

69.8%+30.2pp

Annual return

-15.59%

-9.61%-6.0pp

702.22%-717.8pp

1.58%-17.2pp

Employer contribution / active EE

$3,890

$2,612+48.9%

$3,008+29.3%

$2,545+52.8%

Participant deferral / active EE

$1,942

$3,460-43.9%

$4,395-55.8%

$4,238-54.2%

Admin fee / account holder

$101

$416-75.6%

$5,325-98.1%

$594-82.9%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT

Service code 99 · EIN 39-2018056

Other Fees

$25,404

SIKICH LLP1 year

Filed as: SIKICH CAPITAL MANAGEMENT LLC

Service code 49 · EIN 36-3168081

Other Services

$6,504

VOYA RETIREMENT INSURANCE & ANNUITY7 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS 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