Retirement plan

BETTY BRINN CHILDREN'S MUSEUM 401(K) PLAN

Name: BETTY BRINN CHILDREN'S MUSEUM, INC. - BETTY BRINN CHILDREN'S MUSEUM 401(K) PLAN (2023) Form 5500
Creator: BETTY BRINN CHILDREN'S MUSEUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETTY BRINN CHILDREN'S MUSEUM 401(K) PLAN, BETTY BRINN CHILDREN'S MUSEUM, INC.

BETTY BRINN CHILDREN'S MUSEUM, INC.dba BETTY BRINN CHILDREN'S MUSEUMEIN 39-1681155Plan #001PY 2023

929 E WISCONSIN AVE - MILWAUKEE, WI 53202414-291-0888bbcmkids.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$622K

+10.8% from 2022

Total participants

+15.8% from 2022

Average account balance

$14,464

-33.0% from 2022

Annual return

18.24%

+36.91 pp from 2022

Benchmarks

See 3,106 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,106 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$783K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

151.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$695

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

$137K

$4426 / participant

Other / not subdivided$137K100.0%

% of EOY assets

22.061%

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

$14,464

$49,164-70.6%

$121,169-88.1%

$75,181-80.8%

Participation rate

96.8%

55.4%+41.3pp

69.5%+27.3pp

67.2%+29.6pp

Annual return

18.24%

56.03%-37.8pp

986.71%-968.5pp

160.69%-142.4pp

Employer contribution / active EE

$1,273

$1,546-17.7%

$4,168-69.5%

$2,671-52.3%

Participant deferral / active EE

$1,670

$2,628-36.5%

$4,083-59.1%

$4,126-59.5%

Admin fee / account holder

$3,191

$3,942-19.1%

$5,645-43.5%

$5,650-43.5%

BETTY BRINN CHILDREN'S MUSEUM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETTY BRINN CHILDREN'S MUSEUM 401(K) 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