Retirement plan

MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN

Name: MILWAUKEE RESCUE MISSION - MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN (2023) 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 2023

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)

$8M

+15.9% from 2022

Total participants

219

+5.8% from 2022

Average account balance

$38,415

+14.8% from 2022

Annual return

15.95%

+31.55 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV4 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT Service code 99 · EIN 39-2018056	Other Fees	$27,529
SIKICH LLP2 years Filed as: SIKICH CAPITAL MANAGEMENT LLC Service code 49 · EIN 36-3168081	Other Services	$899
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
VOYA RETIREMENT INSURANCE & ANNUITY8 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

$27K

$164 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.340%

all-in expense ratio

Categories reported

1 / 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

$38,415

$58,292-34.1%

$86,640-55.7%

$71,511-46.3%

Participation rate

94.0%

65.0%+29.0pp

71.7%+22.3pp

67.9%+26.1pp

Annual return

15.95%

21.63%-5.7pp

592.52%-576.6pp

28.86%-12.9pp

Employer contribution / active EE

$4,024

$2,574+56.3%

$3,024+33.0%

$2,589+55.4%

Participant deferral / active EE

$1,896

$3,438-44.9%

$4,438-57.3%

$4,291-55.8%

Admin fee / account holder

$131

$1,057-87.6%

$5,616-97.7%

$1,588-91.8%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV4 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT

Service code 99 · EIN 39-2018056

Other Fees

$27,529

SIKICH LLP2 years

Filed as: SIKICH CAPITAL MANAGEMENT LLC

Service code 49 · EIN 36-3168081

Other Services

$899

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

VOYA RETIREMENT INSURANCE & ANNUITY8 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