Retirement plan

MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN

Name: MINNESOTA ORCHESTRAL ASSOCIATION - MINNESOTA ORCHESTRAL ASSOCIATION DEFINED CONTRIBUTION RETIREMENT PLAN (2021) 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 2021

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

Other plans on this EIN

2 filings

#001Retirement-$13.7M assets #002Retirement-$1.3M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.6M

+19.6% from 2020

Total participants

398

-2.9% from 2020

Average account balance

$59,848

+37.0% from 2020

Annual return

19.65%

+2.50 pp from 2020

Benchmarks

See 376 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort376 peers

Snapshot2021

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
WILLIAMS KEEPERS LLC5 years Filed as: WILLIAMS GROUP Service code 27 4440 PGA BOULEVARD · PALM BEACH GARDENS, FL 33410	Advisory (Plan)	$22,000
LT TRUST COMPANY7+ years Filed as: LT TRUST Service code 14 · EIN 61-1607607	Plan Administrator	$19,377

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$137 / participant

Investment mgmt$22K53.2%
Contract admin$19K46.8%

% of EOY assets

0.358%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,848

$62,723-4.6%

$142,898-58.1%

$86,821-31.1%

Participation rate

32.1%

62.6%-30.4pp

72.0%-39.8pp

72.3%-40.2pp

Annual return

19.65%

17.62%+2.0pp

5639.64%-5620.0pp

97.94%-78.3pp

Employer contribution / active EE

$736

$1,627-54.7%

$4,146-82.2%

$2,406-69.4%

Participant deferral / active EE

$969

$3,039-68.1%

$3,838-74.7%

$4,132-76.5%

Admin fee / account holder

$214

$140+53.6%

$6,560-96.7%

$170+26.4%

Provider

Service type

Compensation

WILLIAMS KEEPERS LLC5 years

Filed as: WILLIAMS GROUP

Service code 27

4440 PGA BOULEVARD · PALM BEACH GARDENS, FL 33410

Advisory (Plan)

$22,000

LT TRUST COMPANY7+ years

Filed as: LT TRUST

Service code 14 · EIN 61-1607607

Plan Administrator

$19,377

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