Retirement plan

I.A.T.S.E. LOCAL 21 401(K) PLAN

Name: I.A.T.S.E. LOCAL 21 - I.A.T.S.E. LOCAL 21 401(K) PLAN (2019) Form 5500
Creator: I.A.T.S.E. LOCAL 21
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL 21 401(K) PLAN, I.A.T.S.E. LOCAL 21

I.A.T.S.E. LOCAL 21EIN 22-3585682Plan #001PY 2019

75 MAIN STREET, STE. 103 - MILLBURN, NJ 07041973-379-9265

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$13M

+27.5% from 2018

Total participants

998

+7.9% from 2018

Average account balance

$22,659

+25.5% from 2018

Annual return

20.56%

+27.74 pp from 2018

Benchmarks

See 422 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort422 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.87M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

659

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.

37.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$185

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 6 by compensation

Provider	Service type	Compensation
PKF O'CONNOR DAVIES, LLP2 years Filed as: PKF O'CONNOR DAVIES Service code 99 · EIN 22-2000222	Other Fees	$115,380
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 99	Other Fees	$23,102
MORNINGSTAR1 year Service code 26	Advisory (Participants)	$4,915
WITMAN PENSION CONSULTING LLC2 years Filed as: WITMAN STADMAUER Service code 99	Other Fees	$500
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES Service code 99 · EIN 13-2638166	Other Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY5+ years Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 27 · EIN 71-0294708	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 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).

Expense breakdown

Schedule H Part II

Admin total

$79K

$112 / participant

Other / not subdivided$79K100.0%

% of EOY assets

0.607%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PKF O'CONNOR DAVIES LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,659

$47,648-52.4%

$130,660-82.7%

$67,582-66.5%

Participation rate

39.9%

60.4%-20.5pp

71.7%-31.9pp

71.3%-31.4pp

Annual return

20.56%

25.73%-5.2pp

1709.29%-1688.7pp

378.57%-358.0pp

Employer contribution / active EE

$925

$1,408-34.3%

$4,092-77.4%

$2,148-57.0%

Participant deferral / active EE

$571

$2,616-78.2%

$3,603-84.1%

$3,539-83.9%

Admin fee / account holder

$138

$105+31.0%

$5,463-97.5%

$142-3.3%

Provider

Service type

Compensation

PKF O'CONNOR DAVIES, LLP2 years

Filed as: PKF O'CONNOR DAVIES

Service code 99 · EIN 22-2000222

Other Fees

$115,380

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 99

Other Fees

$23,102

MORNINGSTAR1 year

Service code 26

Advisory (Participants)

$4,915

WITMAN PENSION CONSULTING LLC2 years

Filed as: WITMAN STADMAUER

Service code 99

Other Fees

$500

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES

Service code 99 · EIN 13-2638166

Other Fees

VOYA RETIREMENT INSURANCE & ANNUITY5+ years

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 27 · EIN 71-0294708

Advisory (Plan)

I.A.T.S.E. LOCAL 21 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL 21 401(K) 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