Retirement plan

MILLS PROPERTY PARTNERSHIP DEFINED BENEFIT PENSION PLAN

Name: MILLS PROPERTY PARTNERSHIP - MILLS PROPERTY PARTNERSHIP DEFINED BENEFIT PENSION PLAN (2024) Form 5500
Creator: MILLS PROPERTY PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLS PROPERTY PARTNERSHIP DEFINED BENEFIT PENSION PLAN, MILLS PROPERTY PARTNERSHIP

MILLS PROPERTY PARTNERSHIPEIN 48-1064082Plan #001PY 2024

435 BURR ROAD - TERRELL HILLS, TX 782095907210-822-5475

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$1.2M

+33.8% from 2022

Total participants

0.0% from 2022

Average account balance

-100.0% from 2022

Annual return

4.53%

+4.11 pp from 2022

Benchmarks

See 103 peers

Peer group

Industryany (size+type match)

Plan typeDB + DC

Participants<25

Cohort103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$405K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$76K

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

+4.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A2A3B

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$28K

$14000 / participant

Other / not subdivided$28K100.0%

% of EOY assets

2.304%

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

$468,795-100.0%

$204,994-100.0%

$468,795-100.0%

Participation rate

0.0%

85.1%-85.1pp

75.0%-75.0pp

85.1%-85.1pp

Annual return

4.53%

39.95%-35.4pp

12.99%-8.5pp

39.95%-35.4pp

Employer contribution / active EE

$75,858

$28,085+170.1%

$27,211+178.8%

$28,085+170.1%

Participant deferral / active EE

$10,110-100.0%

$6,729-100.0%

$10,110-100.0%

Admin fee / account holder

$8,110-100.0%

$4,095-100.0%

$8,110-100.0%

MILLS PROPERTY PARTNERSHIP DEFINED BENEFIT PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLS PROPERTY PARTNERSHIP DEFINED BENEFIT PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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