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 (2017) 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 2017

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

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$43.1M

+27.7% from 2016

Total participants

1,558

+2.0% from 2016

Average account balance

$49,239

+12.7% from 2016

Annual return

15.94%

+9.41 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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 8 by compensation

Provider	Service type	Compensation
SCHULTHEIS & PANETTIERI, LLP3+ years Service code 10 · EIN 13-1577780	Accounting	$16,000
SPIVAK LIPTON LLP3+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495	Legal	$13,574
REYNOLDS CONSULTING SERVICES1 year Service code 27 · EIN 20-1899564	Advisory (Plan)	$12,500
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$6,148
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3035629	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD Service code 52 · EIN 23-1999755	Indirect Investment Fees	$0

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

4 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.
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

$62K

$41 / participant

Investment mgmt$13K20.2%
Contract admin$6K9.9%
Other / not subdivided$43K69.8%

% of EOY assets

0.143%

all-in expense ratio

Categories reported

2 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,239

$89,274-44.8%

$149,721-67.1%

$77,958-36.8%

Participation rate

55.2%

87.6%-32.4pp

87.1%-31.9pp

71.6%-16.4pp

Annual return

15.94%

20.36%-4.4pp

1501.67%-1485.7pp

20.87%-4.9pp

Employer contribution / active EE

$3,727-100.0%

$5,444-100.0%

$2,310-100.0%

Participant deferral / active EE

$2,971

$5,382-44.8%

$6,568-54.8%

$3,537-16.0%

Admin fee / account holder

$71

$240-70.6%

$11,282-99.4%

$97-27.5%

Provider

Service type

Compensation

SCHULTHEIS & PANETTIERI, LLP3+ years

Service code 10 · EIN 13-1577780

Accounting

$16,000

SPIVAK LIPTON LLP3+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

Legal

$13,574

REYNOLDS CONSULTING SERVICES1 year

Service code 27 · EIN 20-1899564

Advisory (Plan)

$12,500

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$6,148

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-3035629

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD

Service code 52 · EIN 23-1999755

Indirect Investment Fees

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