Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA

Name: SCIENCE MUSEUM OF MINNESOTA - 403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA (2024) Form 5500
Creator: SCIENCE MUSEUM OF MINNESOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA, SCIENCE MUSEUM OF MINNESOTA

SCIENCE MUSEUM OF MINNESOTAEIN 41-0706172Plan #003PY 2024

120 WEST KELLOGG BOULEVARD - ST. PAUL, MN 55102651-221-9443smm.orgLinkedIn501-1000 employeesmuseums and institutions

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$51.7M

+5.2% from 2023

Total participants

586

+5.0% from 2023

Average account balance

$88,416

+0.4% from 2023

Annual return

15.53%

-2.12 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.72M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

585

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2F2G2L2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$10 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

0 / 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

$88,416

$60,261+46.7%

$81,783+8.1%

$74,546+18.6%

Participation rate

99.5%

62.9%+36.6pp

72.4%+27.1pp

67.2%+32.3pp

Annual return

15.53%

16.88%-1.4pp

775.05%-759.5pp

1366.03%-1350.5pp

Employer contribution / active EE

$2,129

$2,622-18.8%

$2,913-26.9%

$2,624-18.9%

Participant deferral / active EE

$5,961

$3,388+76.0%

$4,320+38.0%

$4,347+37.1%

Admin fee / account holder

$1,482-99.8%

$7,380-100.0%

$1,944-99.8%

403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA

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