Retirement plan

EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION

Name: MINNESOTA SCHOOL EMPLOYEES ASSOCIATION - EMPLOYEE BENEFIT PLAN OF MINNESOTA SCHOOL EMPLOYEES ASSOCIATION (2020) 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 2020

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)

$1M

+19.9% from 2019

Total participants

+6.7% from 2019

Average account balance

$64,954

+12.4% from 2019

Annual return

17.20%

-6.13 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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 codes2F2G3D

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.
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

$53K

$6573 / participant

Other / not subdivided$53K100.0%

% of EOY assets

5.060%

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

$64,954

$100,938-35.6%

$90,461-28.2%

$158,982-59.1%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

17.20%

1727.20%-1710.0pp

1294.76%-1277.6pp

302.99%-285.8pp

Employer contribution / active EE

$4,730

$3,691+28.1%

$3,264+44.9%

$4,763-0.7%

Participant deferral / active EE

$4,741

$4,350+9.0%

$3,964+19.6%

$5,983-20.8%

Admin fee / account holder

$3,286

$6,510-49.5%

$5,617-41.5%

$11,252-70.8%

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