Retirement plan

IRC-FM IN SOUTHERN CALIFORNIA AND CABINET MAKERS, MILLIMEN AND INDUSTRIAL CARPENTERS LOCAL 721 PENSION TRUST FUND

Name: BOARD OF TRUSTEES, IRC-FM IN S.C. AND CABINET MAKERS, - IRC-FM IN SOUTHERN CALIFORNIA AND CABINET MAKERS, MILLIMEN AND INDUSTRIAL CARPENTERS LOCAL 721 PENSION TRUST FUND (2020) Form 5500
Creator: BOARD OF TRUSTEES, IRC-FM IN S.C. AND CABINET MAKERS,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRC-FM IN SOUTHERN CALIFORNIA AND CABINET MAKERS, MILLIMEN AND INDUSTRIAL CARPENTERS LOCAL 721 PENSION TRUST FUND, BOARD OF TRUSTEES, IRC-FM IN S.C. AND CABINET MAKERS,

BOARD OF TRUSTEES, IRC-FM IN S.C. AND CABINET MAKERS,dba MILLMEN AND INDUSTRIAL CARPENTERSEIN 51-6034191Plan #001PY 2020

1200 WILSHIRE BLVD 5TH FLR - LOS ANGELES, CA 90017562-463-5000

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$279K

+33.1% from 2019

Total participants

1,187

-2.9% from 2019

Average account balance

No prior year

Annual return

388.93%

+407.27 pp from 2019

Benchmarks

See 1,567 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants<25

Cohort1,567 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$249K

Not enough data

1 years with asset history on file

Average account balance

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

$228

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.

1,096

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+211.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
VENUTI & ASSOCIATES3 years Service code 11 · EIN 04-3721424	Actuarial	$36,000
BENEFIT PROGRAMS ADMINISTRATION6+ years Service code 13 · EIN 13-2501278	Contract Administrator	$31,825
REICH, ADELL & CVITAN6+ years Filed as: REICH ADELL & CVITAN Service code 29 · EIN 95-3082677	Legal	$27,365
MILLER KAPLAN ARASE LLP6+ years Service code 10 · EIN 95-2036255	Accounting	$14,000
US BANK6+ years Filed as: UNION BANK N.A. Service code 21 · EIN 94-0304228	Bank Trustee	$11,839

Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$148K

Contract admin$32K21.6%
Other / not subdivided$116K78.4%

% of EOY assets

52.900%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,469-100.0%

$477,209-100.0%

$254,510-100.0%

Participation rate

0.0%

29.4%-29.4pp

10.2%-10.2pp

43.0%-43.0pp

Annual return

388.93%

-14.68%+403.6pp

-2.84%+391.8pp

259.14%+129.8pp

Employer contribution / active EE

$47,728-100.0%

$33,329-100.0%

$41,471-100.0%

Participant deferral / active EE

$1-100.0%

$51-100.0%

$153-100.0%

Admin fee / account holder

$3,190-100.0%

$2,475-100.0%

$21,546-100.0%

Provider

Service type

Compensation

VENUTI & ASSOCIATES3 years

Service code 11 · EIN 04-3721424

Actuarial

$36,000

BENEFIT PROGRAMS ADMINISTRATION6+ years

Service code 13 · EIN 13-2501278

Contract Administrator

$31,825

REICH, ADELL & CVITAN6+ years

Filed as: REICH ADELL & CVITAN

Service code 29 · EIN 95-3082677

Legal

$27,365

MILLER KAPLAN ARASE LLP6+ years

Service code 10 · EIN 95-2036255

Accounting

$14,000

US BANK6+ years

Filed as: UNION BANK N.A.

Service code 21 · EIN 94-0304228

Bank Trustee

$11,839

IRC-FM IN SOUTHERN CALIFORNIA AND CABINET MAKERS, MILLIMEN AND INDUSTRIAL CARPENTERS LOCAL 721 PENSION TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRC-FM IN SOUTHERN CALIFORNIA AND CABINET MAKERS, MILLIMEN AND INDUSTRIAL CARPENTERS LOCAL 721 PENSION TRUST FUND

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