Retirement plan

MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN

Name: MILWAUKEE RESCUE MISSION - MILWAUKEE RESCUE MISSION EMPLOYEE RETIREMENT SAVINGS PLAN (2024) 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 2024

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.6M

+6.6% from 2023

Total participants

238

+8.7% from 2023

Average account balance

$38,723

+0.8% from 2023

Annual return

10.84%

-5.11 pp from 2023

Benchmarks

See 2,059 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,059 peers

Snapshot2024

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
VOYA RETIREMENT INSURANCE & ANNUITY9 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$25,221
NORTHWESTERN MUTUAL INVESTMENT SERV5 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT Service code 99 · EIN 39-2018056	Other Fees	$22,509
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26	Advisory (Participants)	$1,940

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$146 / participant

Investment mgmt$1K4.2%
Contract admin$9K35.6%
Other / not subdivided$15K60.2%

% of EOY assets

0.294%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,723

$60,305-35.8%

$81,780-52.7%

$74,400-48.0%

Participation rate

90.1%

62.9%+27.2pp

72.4%+17.8pp

67.2%+22.9pp

Annual return

10.84%

16.89%-6.0pp

776.27%-765.4pp

1367.51%-1356.7pp

Employer contribution / active EE

$3,196

$2,623+21.9%

$2,914+9.7%

$2,624+21.8%

Participant deferral / active EE

$2,085

$3,390-38.5%

$4,321-51.7%

$4,348-52.0%

Admin fee / account holder

$114

$1,484-92.3%

$7,384-98.5%

$1,944-94.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY9 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$25,221

NORTHWESTERN MUTUAL INVESTMENT SERV5 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT

Service code 99 · EIN 39-2018056

Other Fees

$22,509

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26

Advisory (Participants)

$1,940

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