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 (2020) 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 2020

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)

$65.7M

+9.6% from 2019

Total participants

1,512

-13.0% from 2019

Average account balance

$59,928

+11.2% from 2019

Annual return

12.75%

-7.71 pp from 2019

Benchmarks

See 120 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort120 peers

Snapshot2020

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
SPIVAK LIPTON LLP6+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495	Legal	$18,803
SCHULTHEIS & PANETTIERI, LLP6+ years Service code 10 · EIN 13-1577780	Accounting	$18,000
REYNOLDS CONSULTING SERVICES4 years Service code 27 · EIN 20-1899564	Advisory (Plan)	$13,750
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$5,728
INVESCO2 years Service code 52 · EIN 13-3035629	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.4 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

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

$79K

$53 / participant

Investment mgmt$14K17.3%
Contract admin$6K7.2%
Other / not subdivided$60K75.4%

% of EOY assets

0.121%

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

$59,928

$53,932+11.1%

$134,162-55.3%

$90,274-33.6%

Participation rate

72.0%

60.4%+11.6pp

72.2%-0.2pp

73.4%-1.4pp

Annual return

12.75%

23.16%-10.4pp

36.35%-23.6pp

53.97%-41.2pp

Employer contribution / active EE

$1,611-100.0%

$3,705-100.0%

$2,523-100.0%

Participant deferral / active EE

$1,886

$2,432-22.5%

$3,500-46.1%

$4,231-55.4%

Admin fee / account holder

$72

$104-30.2%

$6,685-98.9%

$114-36.6%

Provider

Service type

Compensation

SPIVAK LIPTON LLP6+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

Legal

$18,803

SCHULTHEIS & PANETTIERI, LLP6+ years

Service code 10 · EIN 13-1577780

Accounting

$18,000

REYNOLDS CONSULTING SERVICES4 years

Service code 27 · EIN 20-1899564

Advisory (Plan)

$13,750

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$5,728

INVESCO2 years

Service code 52 · EIN 13-3035629

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

THE VANGUARD GROUP, INC.4 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