Retirement plan

MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN

Name: MINNESOTA ORCHESTRAL ASSOCIATION - MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN (2019) Form 5500
Creator: MINNESOTA ORCHESTRAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN, MINNESOTA ORCHESTRAL ASSOCIATION

MINNESOTA ORCHESTRAL ASSOCIATIONEIN 41-0693875Plan #003PY 2019

1111 NICOLLET MALL - MINNEAPOLIS, MN 55403612-371-5600LinkedIn501-1000 employeesperforming arts

Other plans on this EIN

2 filings

#001Retirement-$11.8M assets #002Retirement-$1.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.2M

+11.0% from 2018

Total participants

247

-4.3% from 2018

Average account balance

$37,597

+9.5% from 2018

Annual return

19.57%

+23.82 pp from 2018

Benchmarks

See 601 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort601 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.25M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

401

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$979K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60

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 2 by compensation

Provider	Service type	Compensation
LT TRUST COMPANY5+ years Filed as: LT TRUST Service code 14 · EIN 61-1607607	Plan Administrator	$24,596
WILLIAMS KEEPERS LLC3 years Filed as: WILLIAMS GROUP Service code 27 4440 PGA BOULEVARD · PALM BEACH GARDENS, FL 33410	Advisory (Plan)	$22,000

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$353 / participant

Investment mgmt$22K47.2%
Contract admin$25K52.8%

% of EOY assets

0.571%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,597

$46,722-19.5%

$130,660-71.2%

$65,186-42.3%

Participation rate

77.3%

60.9%+16.3pp

71.7%+5.5pp

70.2%+7.1pp

Annual return

19.57%

24.17%-4.6pp

1709.29%-1689.7pp

29.39%-9.8pp

Employer contribution / active EE

$1,205

$1,488-19.0%

$4,092-70.5%

$2,177-44.6%

Participant deferral / active EE

$1,895

$2,545-25.5%

$3,603-47.4%

$3,514-46.1%

Admin fee / account holder

$215

$453-52.6%

$5,463-96.1%

$847-74.7%

Provider

Service type

Compensation

LT TRUST COMPANY5+ years

Filed as: LT TRUST

Service code 14 · EIN 61-1607607

Plan Administrator

$24,596

WILLIAMS KEEPERS LLC3 years

Filed as: WILLIAMS GROUP

Service code 27

4440 PGA BOULEVARD · PALM BEACH GARDENS, FL 33410

Advisory (Plan)

$22,000

MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT 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