Retirement plan

I.A.T.S.E. LOCAL NO. 6 PROFIT SHARING PLAN

Name: I.A.T.S.E. LOCAL NO. 6 - I.A.T.S.E. LOCAL NO. 6 PROFIT SHARING PLAN (2024) Form 5500
Creator: I.A.T.S.E. LOCAL NO. 6
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL NO. 6 PROFIT SHARING PLAN, I.A.T.S.E. LOCAL NO. 6

I.A.T.S.E. LOCAL NO. 6EIN 43-0497330Plan #002PY 2024

6525 CENTURION DRIVE - LANSING, MI 48917517-327-2154

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$22M

+7.7% from 2023

Total participants

962

+3.2% from 2023

Average account balance

$22,890

-9.3% from 2023

Annual return

9.48%

-8.49 pp from 2023

Benchmarks

See 488 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort488 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.02M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

962

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 5 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO2 years Service code 15 · EIN 35-0145825	Recordkeeping	$64,846
TIC INTERNATIONAL CORPORATION5 years Service code 14 · EIN 13-2600875 11590 N MERIDIAN STREET, SUITE 600 · CARMEL, IN 46032	Plan Administrator	$52,074
ANDERS MINKLER HUBER & HELM LLP3 years Filed as: ANDERS MINKLER HUBER HELM LLP Service code 10 · EIN 43-0831507	Accounting	$22,235
QBOX FIDUCIARY SOLUTIONS, LLC3 years Service code 28 3601 HOBSON RD · FORT WAYNE, IN 46815	Investment Management	$6,034
JP MORGAN INVESTMENT MANAGEMENT INC5 years Filed as: NYLIFE SECURITIES, LLC Service code 27 · EIN 13-2649692 3 CITYPLACE DR, SUITE 690 · CREVE COEUR, MO 63141	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$169K

$234 / participant

Recordkeeping$20K11.6%
Investment mgmt$8K4.9%
Legal$22K13.0%
Contract admin$66K39.2%
Other / not subdivided$53K31.3%

% of EOY assets

0.766%

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: ANDERS MINKLER HUBER HELM LLP
Auditor EIN: 430831507
Audit fees: $39,946
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,890

$58,859-61.1%

$129,339-82.3%

$77,692-70.5%

Participation rate

100.0%

59.3%+40.7pp

69.6%+30.4pp

70.6%+29.4pp

Annual return

9.48%

24.74%-15.3pp

9437.05%-9427.6pp

31.25%-21.8pp

Employer contribution / active EE

$2,933

$1,952+50.3%

$4,154-29.4%

$2,726+7.6%

Participant deferral / active EE

$3,215-100.0%

$4,170-100.0%

$4,648-100.0%

Admin fee / account holder

$175

$591-70.3%

$7,668-97.7%

$431-59.3%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO2 years

Service code 15 · EIN 35-0145825

Recordkeeping

$64,846

TIC INTERNATIONAL CORPORATION5 years

Service code 14 · EIN 13-2600875

11590 N MERIDIAN STREET, SUITE 600 · CARMEL, IN 46032

Plan Administrator

$52,074

ANDERS MINKLER HUBER & HELM LLP3 years

Filed as: ANDERS MINKLER HUBER HELM LLP

Service code 10 · EIN 43-0831507

Accounting

$22,235

QBOX FIDUCIARY SOLUTIONS, LLC3 years

Service code 28

3601 HOBSON RD · FORT WAYNE, IN 46815

Investment Management

$6,034

JP MORGAN INVESTMENT MANAGEMENT INC5 years

Filed as: NYLIFE SECURITIES, LLC

Service code 27 · EIN 13-2649692

3 CITYPLACE DR, SUITE 690 · CREVE COEUR, MO 63141

Advisory (Plan)

I.A.T.S.E. LOCAL NO. 6 PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL NO. 6 PROFIT SHARING 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