Retirement plan

SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN

Name: SAINT PAUL & MINNESOTA FOUNDATION - SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN (2022) Form 5500
Creator: SAINT PAUL & MINNESOTA FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN, SAINT PAUL & MINNESOTA FOUNDATION

SAINT PAUL & MINNESOTA FOUNDATIONEIN 41-6031510Plan #002PY 2022

101 FIFTH STREET EAST, SUITE 2400 - SAINT PAUL, MN 55101651-325-4235spmcf.orgLinkedIn51-200 employeesphilanthropy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.3M

-11.5% from 2021

Total participants

123

+4.2% from 2021

Average account balance

$118,988

-14.5% from 2021

Annual return

-18.02%

-34.18 pp from 2021

Benchmarks

See 9,364 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,364 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.64M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

121

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 codes2T2E2F2G2J3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$376K

$5221 / participant

Other / not subdivided$376K100.0%

% of EOY assets

2.633%

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

$118,988

$54,357+118.9%

$82,706+43.9%

$68,495+73.7%

Participation rate

95.8%

63.9%+31.9pp

72.6%+23.3pp

67.9%+27.9pp

Annual return

-18.02%

-13.67%-4.3pp

701.76%-719.8pp

-7.84%-10.2pp

Employer contribution / active EE

$9,375

$2,218+322.6%

$3,007+211.7%

$2,596+261.1%

Participant deferral / active EE

$10,142

$3,246+212.4%

$4,394+130.8%

$4,028+151.8%

Admin fee / account holder

$3,132

$4,396-28.7%

$5,329-41.2%

$5,403-42.0%

SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN

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