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 (2019) 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 2019

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

Prospect flagsLow returnsHigh feesLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$30.1M

+21.5% from 2018

Total participants

897

-24.6% from 2018

Average account balance

$60,320

+20.7% from 2018

Annual return

19.16%

+23.37 pp from 2018

Benchmarks

See 531 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort531 peers

Snapshot2019

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 FUND5+ years Service code 50 · EIN 04-3204580	Direct Payment	$95,334
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$49,217
SBHU LIFE AGENCY INC5+ years Service code 53 · EIN 13-2896238	Insurance Commissions	$46,162
D'ARCANGELO & CO., LLP2 years Service code 10 · EIN 13-2550103 120 LOMOND COURT · UTICA, NY 13502	Accounting	$16,000
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP Service code 14 · EIN 04-2530412 88 BOYD AVE. · EAST PROVIDENCE, RI 02914	Plan Administrator	$5,000
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC. Service code 14	Plan Administrator	$4,000
AMERICAN FUNDS3 years Service code 52	Indirect Investment Fees	$0
EATON VANCE3 years Service code 52	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Service code 52	Indirect Investment Fees	$0
INVESCO3 years Service code 52	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

6 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.
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

$167K

$186 / participant

Investment mgmt$49K29.5%
Other / not subdivided$117K70.5%

% of EOY assets

0.554%

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

$60,320

$69,231-12.9%

$91,994-34.4%

$67,582-10.7%

Participation rate

55.6%

78.9%-23.3pp

78.6%-23.0pp

71.3%-15.6pp

Annual return

19.16%

32.03%-12.9pp

69.04%-49.9pp

378.57%-359.4pp

Employer contribution / active EE

$956

$2,284-58.1%

$3,453-72.3%

$2,148-55.5%

Participant deferral / active EE

$1,653

$5,854-71.8%

$5,924-72.1%

$3,539-53.3%

Admin fee / account holder

$334

$107+210.9%

$7,744-95.7%

$142+134.7%

Provider

Service type

Compensation

IATSE LOCAL 11 ANNUITY FUND5+ years

Service code 50 · EIN 04-3204580

Direct Payment

$95,334

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$49,217

SBHU LIFE AGENCY INC5+ years

Service code 53 · EIN 13-2896238

Insurance Commissions

$46,162

D'ARCANGELO & CO., LLP2 years

Service code 10 · EIN 13-2550103

120 LOMOND COURT · UTICA, NY 13502

Accounting

$16,000

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP

Service code 14 · EIN 04-2530412

88 BOYD AVE. · EAST PROVIDENCE, RI 02914

Plan Administrator

$5,000

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC.

Service code 14

Plan Administrator

$4,000

AMERICAN FUNDS3 years

Service code 52

Indirect Investment Fees

EATON VANCE3 years

Service code 52

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Service code 52

Indirect Investment Fees

INVESCO3 years

Service code 52

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