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 (2020) 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 2020

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

Prospect flagsLow returnsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

-5.1% from 2019

Total participants

106

+39.5% from 2019

Average account balance

$40,066

-30.7% from 2019

Annual return

9.47%

-12.32 pp from 2019

Benchmarks

See 2,664 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,664 peers

Snapshot2020

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 ASSOCIATES6+ years Service code 16 · EIN 36-3485298 180 N. LASALLE ST., SUITE 3500 · CHICAGO, IL 60601	Consulting	$15,000
CALIBRE CPA GROUP PLLC6+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880 230 W. MONROE ST., SUITE 310 · CHICAGO, IL 60606	Accounting	$6,661

Plan features & details

Pension benefit codes2E2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityLow returns
Annual investment return 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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$24K

$293 / participant

Investment mgmt$15K62.4%
Other / not subdivided$9K37.6%

% of EOY assets

0.600%

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

$40,066

$53,777-25.5%

$134,155-70.1%

$79,858-49.8%

Participation rate

92.7%

58.8%+33.9pp

72.2%+20.5pp

69.6%+23.0pp

Annual return

9.47%

19.01%-9.5pp

36.34%-26.9pp

31.72%-22.2pp

Employer contribution / active EE

$2,314

$1,321+75.2%

$3,705-37.5%

$2,471-6.3%

Participant deferral / active EE

$3,097

$2,420+28.0%

$3,500-11.5%

$3,740-17.2%

Admin fee / account holder

$240

$3,984-94.0%

$6,685-96.4%

$5,306-95.5%

Provider

Service type

Compensation

MARQUETTE ASSOCIATES6+ years

Service code 16 · EIN 36-3485298

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

Consulting

$15,000

CALIBRE CPA GROUP PLLC6+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

230 W. MONROE ST., SUITE 310 · CHICAGO, IL 60606

Accounting

$6,661

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