Retirement plan

MIDWEST SOCIETY OF ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Name: MIDWEST SOCIETY OF ASSOCIATION - MIDWEST SOCIETY OF ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: MIDWEST SOCIETY OF ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST SOCIETY OF ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST, MIDWEST SOCIETY OF ASSOCIATION

MIDWEST SOCIETY OF ASSOCIATIONEIN 41-1278159Plan #001PY 2021

1970 OAKCREST AVE STE 100 - SAINT PAUL, MN 551132624651-647-6388msae.comLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$392K

+12.7% from 2020

Total participants

+33.3% from 2020

Average account balance

$130,767

+12.7% from 2020

Annual return

12.82%

-10.93 pp from 2020

Benchmarks

See 9,483 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,483 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$626K

Not enough data

1 years with asset history on file

Average account balance

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

$209K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2396

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

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

$32K

$10504 / participant

Other / not subdivided$32K100.0%

% of EOY assets

8.033%

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

$130,767

$124,175+5.3%

$108,405+20.6%

$167,553-22.0%

Participation rate

66.7%

82.3%-15.6pp

80.1%-13.5pp

82.1%-15.4pp

Annual return

12.82%

1380.13%-1367.3pp

905.55%-892.7pp

478.89%-466.1pp

Employer contribution / active EE

$4,578

$4,188+9.3%

$3,559+28.6%

$4,840-5.4%

Participant deferral / active EE

$5,675

$6,908-17.9%

$6,563-13.5%

$6,343-10.5%

Admin fee / account holder

$10,504

$9,457+11.1%

$7,297+44.0%

$12,316-14.7%

MIDWEST SOCIETY OF ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST SOCIETY OF ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

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