Retirement plan

EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

Name: MINNESOTA SCHOOL EMPLOYEES ASSOCIAT ION - EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION (2017) Form 5500
Creator: MINNESOTA SCHOOL EMPLOYEES ASSOCIAT ION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION, MINNESOTA SCHOOL EMPLOYEES ASSOCIAT ION

MINNESOTA SCHOOL EMPLOYEES ASSOCIAT IONEIN 41-1994256Plan #002PY 2017

10 RIVER PARK PLZ STE 810 - SAINT PAUL, MN 551071231651-227-3623msea-mn.comLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$925K

-1.8% from 2016

Total participants

-5.6% from 2016

Average account balance

$54,403

+4.0% from 2016

Annual return

14.10%

+4.72 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$618K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

237.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+28.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14702

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 codes2F3D

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).
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

$237K

$23689 / participant

Other / not subdivided$237K100.0%

% of EOY assets

25.614%

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

$54,403

$99,011-45.1%

$86,582-37.2%

$147,586-63.1%

Participation rate

100.0%

76.3%+23.7pp

73.5%+26.5pp

82.8%+17.2pp

Annual return

14.10%

1312.75%-1298.6pp

965.08%-951.0pp

578.59%-564.5pp

Employer contribution / active EE

$4,484

$3,132+43.2%

$2,839+57.9%

$4,876-8.0%

Participant deferral / active EE

$4,237

$3,972+6.7%

$3,609+17.4%

$5,439-22.1%

Admin fee / account holder

$13,935

$5,709+144.1%

$4,904+184.1%

$10,886+28.0%

EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

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