Retirement plan

MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN

Name: MILWAUKEE WORLD FESTIVAL, INC. - MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MILWAUKEE WORLD FESTIVAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN, MILWAUKEE WORLD FESTIVAL, INC.

MILWAUKEE WORLD FESTIVAL, INC.EIN 39-1049688Plan #001PY 2024

639 E SUMMERFEST PLACE - MILWAUKEE, WI 532025901414-270-6528milwaukeeworldfestival.comLinkedIn1001-5000 employeesentertainment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

+10.0% from 2023

Total participants

+1.4% from 2023

Average account balance

$177,942

+8.5% from 2023

Annual return

11.30%

-2.71 pp from 2023

Benchmarks

See 3,320 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,320 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.99M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

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.

146.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$976K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15703

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

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

$1.1M

$22926 / participant

Other / not subdivided$1M100.0%

% of EOY assets

8.825%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,942

$51,631+244.6%

$129,397+37.5%

$80,925+119.9%

Participation rate

100.0%

56.9%+43.1pp

69.6%+30.4pp

67.7%+32.3pp

Annual return

11.30%

20.77%-9.5pp

9453.98%-9442.7pp

35.65%-24.3pp

Employer contribution / active EE

$13,684

$1,583+764.4%

$4,154+229.4%

$2,756+396.5%

Participant deferral / active EE

$5,828

$2,670+118.3%

$4,167+39.8%

$4,299+35.6%

Admin fee / account holder

$15,703

$4,309+264.4%

$7,679+104.5%

$6,940+126.3%

MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL 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