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 (2018) 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 2018

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$45.2M

+4.8% from 2017

Total participants

1,672

+7.3% from 2017

Average account balance

$45,252

-8.1% from 2017

Annual return

-4.51%

-20.45 pp from 2017

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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 9 by compensation

Provider	Service type	Compensation
SPIVAK LIPTON LLP4+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495	Legal	$17,844
SCHULTHEIS & PANETTIERI, LLP1 year Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$17,000
REYNOLDS CONSULTING SERVICES2 years Service code 27 · EIN 20-1899564	Advisory (Plan)	$12,708
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 14	Plan Administrator	$8,433
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$6,058
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
OPPENHEIMER2 years Service code 52 · EIN 13-3035629	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years 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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$78K

$48 / participant

Investment mgmt$13K16.3%
Contract admin$6K7.8%
Other / not subdivided$59K75.9%

% of EOY assets

0.173%

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

$45,252

$82,546-45.2%

$140,019-67.7%

$75,289-39.9%

Participation rate

58.9%

88.4%-29.5pp

87.5%-28.6pp

72.4%-13.5pp

Annual return

-4.51%

-0.36%-4.1pp

651.17%-655.7pp

-0.04%-4.5pp

Employer contribution / active EE

$3,856-100.0%

$5,605-100.0%

$2,405-100.0%

Participant deferral / active EE

$3,476

$5,731-39.3%

$6,927-49.8%

$3,739-7.0%

Admin fee / account holder

$78

$86-8.9%

$10,705-99.3%

$102-23.6%

Provider

Service type

Compensation

SPIVAK LIPTON LLP4+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

Legal

$17,844

SCHULTHEIS & PANETTIERI, LLP1 year

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$17,000

REYNOLDS CONSULTING SERVICES2 years

Service code 27 · EIN 20-1899564

Advisory (Plan)

$12,708

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 14

Plan Administrator

$8,433

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$6,058

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

OPPENHEIMER2 years

Service code 52 · EIN 13-3035629

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

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