Retirement plan

LOCAL 780 I.A.T.S.E. 401(K) PLAN

Name: TRUSTEES OF LOCAL 780 I.A.T.S.E. 401(K) PLAN - LOCAL 780 I.A.T.S.E. 401(K) PLAN (2017) Form 5500
Creator: TRUSTEES OF LOCAL 780 I.A.T.S.E. 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 780 I.A.T.S.E. 401(K) PLAN, TRUSTEES OF LOCAL 780 I.A.T.S.E. 401(K) PLAN

TRUSTEES OF LOCAL 780 I.A.T.S.E. 401(K) PLANEIN 36-3914076Plan #001PY 2017

6301 N. NORTHWEST HIGHWAY - CHICAGO, IL 60631773-775-5020

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.5M

+15.1% from 2016

Total participants

-2.7% from 2016

Average account balance

$65,056

+18.5% from 2016

Annual return

13.32%

+9.56 pp from 2016

Benchmarks

See 2,508 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,508 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.01M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$632K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$471

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 2 by compensation

Provider	Service type	Compensation
MARQUETTE ASSOCIATES3+ years Service code 16 · EIN 36-3485298 180 N. LASALLE ST., SUITE 3500 · CHICAGO, IL 60601	Consulting	$15,000
CALIBRE CPA GROUP PLLC3+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880 566 W LAKE ST, SUITE 3W · CHICAGO, IL 60661	Accounting	$11,000

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$33K

$664 / participant

Investment mgmt$15K45.2%
Other / not subdivided$18K54.8%

% of EOY assets

0.739%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,056

$46,877+38.8%

$122,354-46.8%

$70,126-7.2%

Participation rate

92.0%

58.2%+33.8pp

71.6%+20.4pp

69.5%+22.5pp

Annual return

13.32%

24.22%-10.9pp

30.28%-17.0pp

73.15%-59.8pp

Employer contribution / active EE

$1,524

$1,288+18.3%

$4,051-62.4%

$2,343-34.9%

Participant deferral / active EE

$3,477

$2,167+60.4%

$3,287+5.8%

$3,332+4.3%

Admin fee / account holder

$481

$3,324-85.5%

$5,479-91.2%

$4,645-89.6%

Provider

Service type

Compensation

MARQUETTE ASSOCIATES3+ years

Service code 16 · EIN 36-3485298

180 N. LASALLE ST., SUITE 3500 · CHICAGO, IL 60601

Consulting

$15,000

CALIBRE CPA GROUP PLLC3+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

566 W LAKE ST, SUITE 3W · CHICAGO, IL 60661

Accounting

$11,000

LOCAL 780 I.A.T.S.E. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 780 I.A.T.S.E. 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