Retirement plan

I A T S E LOCAL 764 401K PLAN

Name: BOARD OF TRUSTEES OF THE IATSE LOCAL 764 401K PLAN - I A T S E LOCAL 764 401K PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE IATSE LOCAL 764 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I A T S E LOCAL 764 401K PLAN, BOARD OF TRUSTEES OF THE IATSE LOCAL 764 401K PLAN

BOARD OF TRUSTEES OF THE IATSE LOCAL 764 401K PLANEIN 13-4140534Plan #004PY 2024

545 WEST 45TH STREET - NEW YORK, NY 10036212-957-3500LinkedIn1001-5000 employeesinsurance

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$100M

+18.9% from 2023

Total participants

1,887

+4.5% from 2023

Average account balance

$73,784

+8.1% from 2023

Annual return

14.53%

-3.26 pp from 2023

Benchmarks

See 161 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort161 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.98M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

1,355

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.

71.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 50 · EIN 84-0467907	Direct Payment	$99,171
SCHULTHEIS & PANETTIERI, LLP10+ years Service code 10 · EIN 13-1577780	Accounting	$25,000
SPIVAK LIPTON LLP10+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495	Legal	$17,563
REYNOLDS CONSULTING SERVICES2 years Filed as: REYNOLDS CONSULTING SERVICES LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$15,251

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

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

$183K

$99 / participant

Investment mgmt$15K8.3%
Legal$18K9.6%
Contract admin$99K54.2%
Other / not subdivided$51K27.9%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: $25,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,784

$62,541+18.0%

$129,406-43.0%

$200,096-63.1%

Participation rate

71.1%

56.8%+14.3pp

69.6%+1.5pp

72.0%-0.9pp

Annual return

14.53%

16.95%-2.4pp

9468.18%-9453.6pp

34.26%-19.7pp

Employer contribution / active EE

$2,392-100.0%

$4,155-100.0%

$3,038-100.0%

Participant deferral / active EE

$3,739

$3,123+19.7%

$4,167-10.3%

$5,090-26.5%

Admin fee / account holder

$135

$167-19.1%

$7,689-98.2%

$269-49.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 50 · EIN 84-0467907

Direct Payment

$99,171

SCHULTHEIS & PANETTIERI, LLP10+ years

Service code 10 · EIN 13-1577780

Accounting

$25,000

SPIVAK LIPTON LLP10+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

Legal

$17,563

REYNOLDS CONSULTING SERVICES2 years

Filed as: REYNOLDS CONSULTING SERVICES LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$15,251

I A T S E LOCAL 764 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I A T S E LOCAL 764 401K 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