Retirement plan

IATA U.S. GROUP RETIREMENT PLAN

Name: IATA - IATA U.S. GROUP RETIREMENT PLAN (2021) Form 5500
Creator: IATA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IATA U.S. GROUP RETIREMENT PLAN, IATA

IATAEIN 13-1788875Plan #002PY 2021

703 WATERFORD WAY NW, 62ND AVENUE SUITE 600 - MIAMI, FL 33126305-779-9814

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.8M

+6.3% from 2020

Total participants

139

-9.7% from 2020

Average account balance

$185,799

+17.7% from 2020

Annual return

12.70%

-5.76 pp from 2020

Benchmarks

See 8,925 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,925 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$29.37M

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

124

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$600

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MERCER2 years Filed as: MERCER INVESTMENT MANGEMENT INC Service code 27 · EIN 30-0282430	Advisory (Plan)	$33,250
IATA3 years Service code 10 · EIN 13-1788875	Accounting	$13,750
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907	Indirect Investment Fees	$3,403
AB FUNDS5 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN CENTURY5 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
PGIM INVESTMENTS5 years Service code 52 · EIN 22-3468527	Indirect Investment Fees	$0
PIMCO FUNDS5 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
RIDGEWORTH5 years Service code 52 · EIN 95-6981193	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$52K

$782 / participant

Investment mgmt$33K64.4%
Contract admin$18K35.6%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARROLL & COOK
Auditor EIN: 131788875
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$185,799

$65,409+184.1%

$98,442+88.7%

$85,850+116.4%

Participation rate

100.0%

65.0%+35.0pp

73.3%+26.7pp

69.3%+30.7pp

Annual return

12.70%

21.76%-9.1pp

1492.73%-1480.0pp

318.53%-305.8pp

Employer contribution / active EE

$9,698

$2,168+347.4%

$2,960+227.7%

$2,565+278.1%

Participant deferral / active EE

$9,094

$3,166+187.2%

$4,276+112.7%

$3,952+130.1%

Admin fee / account holder

$371

$4,593-91.9%

$5,949-93.8%

$6,260-94.1%

Provider

Service type

Compensation

MERCER2 years

Filed as: MERCER INVESTMENT MANGEMENT INC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$33,250

IATA3 years

Service code 10 · EIN 13-1788875

Accounting

$13,750

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 52 · EIN 84-0467907

Indirect Investment Fees

$3,403

AB FUNDS5 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN CENTURY5 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

PGIM INVESTMENTS5 years

Service code 52 · EIN 22-3468527

Indirect Investment Fees

PIMCO FUNDS5 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

RIDGEWORTH5 years

Service code 52 · EIN 95-6981193

Indirect Investment Fees

IATA U.S. GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IATA U.S. GROUP RETIREMENT 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