Retirement plan

UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401(K) PLAN

Name: UNITED SCENIC ARTISTS, LOCAL 829 - UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401(K) PLAN (2024) Form 5500
Creator: UNITED SCENIC ARTISTS, LOCAL 829
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401(K) PLAN, UNITED SCENIC ARTISTS, LOCAL 829

UNITED SCENIC ARTISTS, LOCAL 829EIN 36-3945238Plan #001PY 2024

140 SYLVAN AVENUE, SUITE 303 - ENGLEWOOD CLIFFS, NJ 07632866-798-5733

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$217.5M

+12.9% from 2023

Total participants

2,573

+6.4% from 2023

Average account balance

$94,693

+9.0% from 2023

Annual return

14.03%

-2.86 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$217.51M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

2,297

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 7 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS8 years Filed as: ZENITH AMERICAN SOLUTIONS INC. Service code 12 · EIN 52-1590516	Claims processing	$129,099
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$77,961
SPIVAK LIPTON LLP10+ years Filed as: SPIVAK LIPTON Service code 21 · EIN 13-3494495	Bank Trustee	$72,534
SIKICH LLP1 year Filed as: SIKICH CPA LLC Service code 10 · EIN 54-1172176	Accounting	$61,300
THE VANGUARD GROUP, INC.10+ years Filed as: VANGUARD Service code 15 · EIN 23-1945930	Recordkeeping	$34,942
SCHULTHEIS & PANETTIERI, LLP8 years Filed as: SCHULTHEIS & PANETTIERI Service code 10 · EIN 13-1577780	Accounting	$26,254
MARQUETTE ASSOCIATES1 year Service code 21 · EIN 36-3555078	Bank Trustee	$25,000

Plan features & details

Pension benefit codes2E2K2F2G2J2T

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$456K

$181 / participant

Recordkeeping$242K53.0%
Trustee / custodial$3K0.6%
Investment mgmt$25K5.5%
Legal$73K15.9%
Other / not subdivided$114K25.0%

% of EOY assets

0.210%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $87,554
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,693

$55,694+70.0%

$81,882+15.6%

$200,096-52.7%

Participation rate

89.0%

62.7%+26.4pp

72.4%+16.7pp

72.0%+17.0pp

Annual return

14.03%

19.59%-5.6pp

779.47%-765.4pp

34.26%-20.2pp

Employer contribution / active EE

$169

$2,114-92.0%

$2,916-94.2%

$3,038-94.5%

Participant deferral / active EE

$4,388

$3,299+33.0%

$4,323+1.5%

$5,090-13.8%

Admin fee / account holder

$198

$348-43.0%

$7,360-97.3%

$269-26.3%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS8 years

Filed as: ZENITH AMERICAN SOLUTIONS INC.

Service code 12 · EIN 52-1590516

Claims processing

$129,099

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$77,961

SPIVAK LIPTON LLP10+ years

Filed as: SPIVAK LIPTON

Service code 21 · EIN 13-3494495

Bank Trustee

$72,534

SIKICH LLP1 year

Filed as: SIKICH CPA LLC

Service code 10 · EIN 54-1172176

Accounting

$61,300

THE VANGUARD GROUP, INC.10+ years

Filed as: VANGUARD

Service code 15 · EIN 23-1945930

Recordkeeping

$34,942

SCHULTHEIS & PANETTIERI, LLP8 years

Filed as: SCHULTHEIS & PANETTIERI

Service code 10 · EIN 13-1577780

Accounting

$26,254

MARQUETTE ASSOCIATES1 year

Service code 21 · EIN 36-3555078

Bank Trustee

$25,000

UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 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