Retirement plan

EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

Name: MINNESOTA SCHOOL EMPLOYEES ASSOCIATION - EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION (2018) Form 5500
Creator: MINNESOTA SCHOOL EMPLOYEES ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION, MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

MINNESOTA SCHOOL EMPLOYEES ASSOCIATIONEIN 41-1994256Plan #002PY 2018

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)

$749K

-19.1% from 2017

Total participants

-17.6% from 2017

Average account balance

$53,469

-1.7% from 2017

Annual return

-7.17%

-21.27 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

$192K

$21370 / participant

Other / not subdivided$192K100.0%

% of EOY assets

25.693%

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

$53,469

$90,607-41.0%

$79,467-32.7%

$135,380-60.5%

Participation rate

100.0%

76.0%+24.0pp

73.3%+26.7pp

82.6%+17.4pp

Annual return

-7.17%

977.74%-984.9pp

718.30%-725.5pp

519.81%-527.0pp

Employer contribution / active EE

$5,054

$3,068+64.7%

$2,800+80.5%

$4,779+5.8%

Participant deferral / active EE

$4,080

$4,050+0.7%

$3,704+10.2%

$5,609-27.3%

Admin fee / account holder

$13,738

$5,895+133.0%

$5,104+169.2%

$10,828+26.9%

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