Retirement plan

MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN

Name: MILWAUKEE WORLD FESTIVAL, INC. - MILWAUKEE WORLD FESTIVAL, INC. INDIVIDUAL RETIREMENT SAVINGS PLAN (2019) 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 2019

639 E SUMMERFEST PLACE - MILWAUKEE, WI 532025901414-287-4436milwaukeeworldfestival.comLinkedIn1001-5000 employeesentertainment

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$17.8M

+23.3% from 2018

Total participants

+1.2% from 2018

Average account balance

$257,404

+30.5% from 2018

Annual return

23.33%

+30.17 pp from 2018

Benchmarks

See 2,672 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,672 peers

Snapshot2019

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$852K

$12526 / participant

Other / not subdivided$852K100.0%

% of EOY assets

4.796%

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

$257,404

$48,570+430.0%

$130,660+97.0%

$72,976+252.7%

Participation rate

80.9%

58.6%+22.3pp

71.7%+9.1pp

69.5%+11.4pp

Annual return

23.33%

38.63%-15.3pp

1709.29%-1686.0pp

81.02%-57.7pp

Employer contribution / active EE

$8,878

$1,334+565.5%

$4,092+117.0%

$2,440+263.9%

Participant deferral / active EE

$2,960

$2,384+24.2%

$3,603-17.9%

$3,608-18.0%

Admin fee / account holder

$12,344

$3,549+247.8%

$5,463+126.0%

$5,124+140.9%

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