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 (2020) 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 2020

152 OLD COLONY AVE. #25 - SOUTH BOSTON, MA 02127617-269-5595iatse11.orgLinkedIn501-1000 employeesmotion pictures and film

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$31.7M

+5.2% from 2019

Total participants

813

-9.4% from 2019

Average account balance

$65,146

+8.0% from 2019

Annual return

16.69%

-2.47 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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 15 by compensation

Provider	Service type	Compensation
IATSE LOCAL 11 ANNUITY FUND6+ years Service code 50 · EIN 04-3204580	Direct Payment	$151,543
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$50,382
SBHU LIFE AGENCY INC6+ years Service code 53 · EIN 13-2896238	Insurance Commissions	$48,050
FEINBERG, DUMONT & BRENNAN1 year Service code 29 177 MILK STREET, SUITE 300 · BOSTON, MA 02109	Legal	$20,952
D'ARCANGELO & CO., LLP3 years Service code 10 · EIN 13-2550103 120 LOMOND COURT · UTICA, NY 13502	Accounting	$16,500
THE ANGELL PENSION GROUP, INC.3 years Filed as: THE ANGELL PENSION GROUP Service code 14 · EIN 04-2530412 88 BOYD AVE. · EAST PROVIDENCE, RI 02814	Plan Administrator	$7,870
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP INC. Service code 14	Plan Administrator	$4,000
AMERICAN FUNDS4 years Service code 52	Indirect Investment Fees	$0
EATON VANCE4 years Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ 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.
OpportunityLow employer contribution
Employer 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.)
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

$215K

$271 / participant

Investment mgmt$50K23.4%
Contract admin$127K59.2%
Other / not subdivided$37K17.4%

% of EOY assets

0.680%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,146

$78,781-17.3%

$100,535-35.2%

$73,412-11.3%

Participation rate

58.8%

80.0%-21.2pp

79.4%-20.6pp

72.2%-13.4pp

Annual return

16.69%

31.69%-15.0pp

30.90%-14.2pp

59.30%-42.6pp

Employer contribution / active EE

$215

$2,420-91.1%

$3,419-93.7%

$2,234-90.4%

Participant deferral / active EE

$431

$6,537-93.4%

$6,271-93.1%

$3,806-88.7%

Admin fee / account holder

$443

$145+204.6%

$8,085-94.5%

$158+180.4%

Provider

Service type

Compensation

IATSE LOCAL 11 ANNUITY FUND6+ years

Service code 50 · EIN 04-3204580

Direct Payment

$151,543

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$50,382

SBHU LIFE AGENCY INC6+ years

Service code 53 · EIN 13-2896238

Insurance Commissions

$48,050

FEINBERG, DUMONT & BRENNAN1 year

Service code 29

177 MILK STREET, SUITE 300 · BOSTON, MA 02109

Legal

$20,952

D'ARCANGELO & CO., LLP3 years

Service code 10 · EIN 13-2550103

120 LOMOND COURT · UTICA, NY 13502

Accounting

$16,500

THE ANGELL PENSION GROUP, INC.3 years

Filed as: THE ANGELL PENSION GROUP

Service code 14 · EIN 04-2530412

88 BOYD AVE. · EAST PROVIDENCE, RI 02814

Plan Administrator

$7,870

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP INC.

Service code 14

Plan Administrator

$4,000

AMERICAN FUNDS4 years

Service code 52

Indirect Investment Fees

EATON VANCE4 years

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ 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