Retirement plan

UNITED SCENIC ARTIST LOCAL 829 RETIREMENT 401K PLAN

Name: BOARD OF TRUSTEES OF UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401K P - UNITED SCENIC ARTIST LOCAL 829 RETIREMENT 401K PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES OF UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401K P
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED SCENIC ARTIST LOCAL 829 RETIREMENT 401K PLAN, BOARD OF TRUSTEES OF UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401K P

BOARD OF TRUSTEES OF UNITED SCENIC ARTISTS LOCAL 829 RETIREMENT 401K PEIN 36-3945238Plan #001PY 2021

C/O ZENITH AMERICAN SOLUTIONS, INC., 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)

$189.2M

+21.6% from 2020

Total participants

2,298

+6.9% from 2020

Average account balance

$89,773

+14.4% from 2020

Annual return

16.54%

+3.44 pp from 2020

Benchmarks

See 241 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2021

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 6 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.7+ years Filed as: VANGUARD Service code 15 · EIN 23-1945930	Recordkeeping	$206,502
ZENITH AMERICAN SOLUTIONS5 years Filed as: ZENITH AMERICAN SOLUTIONS INC. Service code 12 · EIN 52-1590516	Claims processing	$110,760
SPIVAK LIPTON LLP7+ years Filed as: SPIVAK LIPTON Service code 21 · EIN 13-3494495	Bank Trustee	$60,188
SIKICH LLP7+ years Filed as: SIKICH, LLP Service code 10 · EIN 36-3168081	Accounting	$46,000
MARQUETTE ASSOCIATES7+ years Filed as: MARQUETTE ASSOC Service code 21 · EIN 36-3555078	Bank Trustee	$25,000
SCHULTHEIS & PANETTIERI, LLP5 years Filed as: SCHULTHEIS & PANETTIERI Service code 10 · EIN 13-1577780	Accounting	$23,737

Plan features & details

Pension benefit codes2G2J2E2K2F

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.

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

$498K

$223 / participant

Other / not subdivided$498K100.0%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,773

$52,626+70.6%

$98,483-8.8%

$93,010-3.5%

Participation rate

91.5%

65.3%+26.2pp

73.3%+18.2pp

73.9%+17.6pp

Annual return

16.54%

16.95%-0.4pp

1494.38%-1477.8pp

158.70%-142.2pp

Employer contribution / active EE

$118

$1,894-93.8%

$2,961-96.0%

$2,705-95.7%

Participant deferral / active EE

$4,978

$2,907+71.2%

$4,276+16.4%

$4,561+9.1%

Admin fee / account holder

$236

$102+131.4%

$5,953-96.0%

$152+55.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.7+ years

Filed as: VANGUARD

Service code 15 · EIN 23-1945930

Recordkeeping

$206,502

ZENITH AMERICAN SOLUTIONS5 years

Filed as: ZENITH AMERICAN SOLUTIONS INC.

Service code 12 · EIN 52-1590516

Claims processing

$110,760

SPIVAK LIPTON LLP7+ years

Filed as: SPIVAK LIPTON

Service code 21 · EIN 13-3494495

Bank Trustee

$60,188

SIKICH LLP7+ years

Filed as: SIKICH, LLP

Service code 10 · EIN 36-3168081

Accounting

$46,000

MARQUETTE ASSOCIATES7+ years

Filed as: MARQUETTE ASSOC

Service code 21 · EIN 36-3555078

Bank Trustee

$25,000

SCHULTHEIS & PANETTIERI, LLP5 years

Filed as: SCHULTHEIS & PANETTIERI

Service code 10 · EIN 13-1577780

Accounting

$23,737

UNITED SCENIC ARTIST LOCAL 829 RETIREMENT 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED SCENIC ARTIST LOCAL 829 RETIREMENT 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