Retirement plan

I.A.T.S.E. LOCAL 11 SECTION 401(K) PLAN

Name: INTERNATIONAL ALLIANCE THEATRICAL STAGE EMPLOYEES LOCAL 11 - I.A.T.S.E. LOCAL 11 SECTION 401(K) PLAN (2017) Form 5500
Creator: INTERNATIONAL ALLIANCE THEATRICAL STAGE EMPLOYEES LOCAL 11
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL 11 SECTION 401(K) PLAN, INTERNATIONAL ALLIANCE THEATRICAL STAGE EMPLOYEES LOCAL 11

INTERNATIONAL ALLIANCE THEATRICAL STAGE EMPLOYEES LOCAL 11EIN 04-1472000Plan #006PY 2017

152 OLD COLONY AVENUE - SOUTH BOSTON, MA 02127617-269-5595iatse11.orgLinkedIn501-1000 employeesmotion pictures and film

Prospect flagsLow returnsHigh feesLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.9M

+21.5% from 2016

Total participants

656

+4.3% from 2016

Average account balance

$49,396

+21.0% from 2016

Annual return

15.90%

+8.95 pp from 2016

Benchmarks

See 512 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort512 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.13M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

787

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.

61.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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

Top 10 of 17 by compensation

Provider	Service type	Compensation
IATSE LOCAL 11 ANNUITY FUND3+ years Service code 50 · EIN 04-3204580	Direct Payment	$160,842
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$50,869
SBHU LIFE AGENCY INC3+ years Service code 53 · EIN 13-2896238	Insurance Commissions	$40,968
COHEN & HAVIAN1 year Service code 10 · EIN 04-2736972 7 WEST END WAY · NORWELL, MA 02061	Accounting	$36,798
DUMONT, MORRIS AND BURKE, PC1 year Filed as: DUMONT, MORRIS, AND BURKE, PC Service code 29 141 TREMONT STREET, STE 500 · BOSTON, MA 02111	Legal	$5,898
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 51-0097258	Indirect Investment Fees	$0
LAZARD ASSET MANAGEMENT1 year Filed as: LAZARD Service code 52 · EIN 13-3777242	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$196K

$304 / participant

Investment mgmt$51K25.9%
Other / not subdivided$145K74.1%

% of EOY assets

0.786%

all-in expense ratio

Categories reported

1 / 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: D'ARCANGELO & CO., LLP
Auditor EIN: 132550103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,396

$65,592-24.7%

$90,161-45.2%

$69,631-29.1%

Participation rate

76.6%

77.6%-1.0pp

76.9%-0.3pp

70.7%+5.9pp

Annual return

15.90%

57.10%-41.2pp

34.89%-19.0pp

27571.02%-27555.1pp

Employer contribution / active EE

$976

$2,193-55.5%

$3,318-70.6%

$2,032-52.0%

Participant deferral / active EE

$1,910

$5,257-63.7%

$5,287-63.9%

$3,224-40.7%

Admin fee / account holder

$388

$86+353.0%

$5,943-93.5%

$110+251.4%

Provider

Service type

Compensation

IATSE LOCAL 11 ANNUITY FUND3+ years

Service code 50 · EIN 04-3204580

Direct Payment

$160,842

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$50,869

SBHU LIFE AGENCY INC3+ years

Service code 53 · EIN 13-2896238

Insurance Commissions

$40,968

COHEN & HAVIAN1 year

Service code 10 · EIN 04-2736972

7 WEST END WAY · NORWELL, MA 02061

Accounting

$36,798

DUMONT, MORRIS AND BURKE, PC1 year

Filed as: DUMONT, MORRIS, AND BURKE, PC

Service code 29

141 TREMONT STREET, STE 500 · BOSTON, MA 02111

Legal

$5,898

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 59-6865210

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 51-0097258

Indirect Investment Fees

LAZARD ASSET MANAGEMENT1 year

Filed as: LAZARD

Service code 52 · EIN 13-3777242

Indirect Investment Fees

I.A.T.S.E. LOCAL 11 SECTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL 11 SECTION 401(K) 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