Retirement plan

MCWANE SCIENCE CENTER RETIREMENT SAVINGS PLAN

Name: MCWANE SCIENCE CENTER - MCWANE SCIENCE CENTER RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: MCWANE SCIENCE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCWANE SCIENCE CENTER RETIREMENT SAVINGS PLAN, MCWANE SCIENCE CENTER

MCWANE SCIENCE CENTEREIN 58-1933712Plan #001PY 2019

200 19TH ST. NORTH - BIRMINGHAM, AL 352033117205-714-8300mcwane.orgLinkedIn51-200 employeesmuseums and institutions

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.3M

+27.1% from 2018

Total participants

157

-8.2% from 2018

Average account balance

$28,477

+25.5% from 2018

Annual return

23.14%

+30.51 pp from 2018

Benchmarks

See 601 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort601 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3809

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$20,708
PENTEGRA SERVICES, INC.1 year Filed as: ALLIANCE BENEFIT GROUP- PENTEGRA Service code 15 · EIN 13-3892096 5350 77 CENTER DRIVE · CHARLOTTE, NC 28217	Recordkeeping	$2,378
LINCOLN NATIONAL CORPORATION5+ years Filed as: LINCOLN FINANCIAL Service code 13 · EIN 35-1140070 PO BOX 2340 · FORT WAYNE, IN 46801	Contract Administrator	$600
PENTEGRA SERVICES, INC.1 year Filed as: ALLIANCE BENEFIT GROUP -PENTEGRA Service code 13 · EIN 13-3892096 5350 77 CENTER DRIVE · CHARLOTTE, NC 28217	Contract Administrator	$0
REGIONS BANK4+ years Service code 28 · EIN 63-0589368 19001 6TH AVENUE N · BIRMINGHAM, AL 35203	Investment Management	$0

Plan features & details

Pension benefit codes2L2G2E2F2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$52 / participant

Investment mgmt$5K90.0%
Contract admin$60010.0%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BORLAND AND BENEFIELD
Auditor EIN: 630721243
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,477

$46,722-39.1%

$130,660-78.2%

$65,185-56.3%

Participation rate

33.0%

60.9%-27.9pp

71.7%-38.7pp

70.2%-37.2pp

Annual return

23.14%

24.17%-1.0pp

1709.29%-1686.2pp

29.38%-6.2pp

Employer contribution / active EE

$515

$1,488-65.4%

$4,092-87.4%

$2,177-76.3%

Participant deferral / active EE

$806

$2,545-68.3%

$3,603-77.6%

$3,514-77.1%

Admin fee / account holder

$75

$453-83.5%

$5,463-98.6%

$847-91.2%

Provider

Service type

Compensation

NATIONWIDE5+ years

Filed as: NATIONWIDE INSURANCE

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$20,708

PENTEGRA SERVICES, INC.1 year

Filed as: ALLIANCE BENEFIT GROUP- PENTEGRA

Service code 15 · EIN 13-3892096

5350 77 CENTER DRIVE · CHARLOTTE, NC 28217

Recordkeeping

$2,378

LINCOLN NATIONAL CORPORATION5+ years

Filed as: LINCOLN FINANCIAL

Service code 13 · EIN 35-1140070

PO BOX 2340 · FORT WAYNE, IN 46801

Contract Administrator

$600

PENTEGRA SERVICES, INC.1 year

Filed as: ALLIANCE BENEFIT GROUP -PENTEGRA

Service code 13 · EIN 13-3892096

5350 77 CENTER DRIVE · CHARLOTTE, NC 28217

Contract Administrator

REGIONS BANK4+ years

Service code 28 · EIN 63-0589368

19001 6TH AVENUE N · BIRMINGHAM, AL 35203

Investment Management

MCWANE SCIENCE CENTER RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCWANE SCIENCE CENTER 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