Retirement plan

I.A.T.S.E. LOCAL UNION NO 51 DEFINED CONTRIBUTION PENSION PLAN

Name: I.A.T.S.E. LOCAL UNION NO 51 - I.A.T.S.E. LOCAL UNION NO 51 DEFINED CONTRIBUTION PENSION PLAN (2024) Form 5500
Creator: I.A.T.S.E. LOCAL UNION NO 51
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL UNION NO 51 DEFINED CONTRIBUTION PENSION PLAN, I.A.T.S.E. LOCAL UNION NO 51

I.A.T.S.E. LOCAL UNION NO 51EIN 74-1389651Plan #001PY 2024

PO BOX 403 - HOUSTON, TX 77001713-238-9690LinkedIn1001-5000 employeesrecreational facilities and services

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$20.8M

+11.6% from 2023

Total participants

721

+5.3% from 2023

Average account balance

$29,528

+8.4% from 2023

Annual return

9.20%

-2.56 pp from 2023

Benchmarks

See 487 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort487 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.82M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

705

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 4 by compensation

Provider	Service type	Compensation
I.A.T.S.E LOCAL UNION NO.516 years Filed as: I.A.T.S.E. LOCAL UNION NO. 51 Service code 99 · EIN 74-1389651	Other Fees	$62,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,714
PORTFOLIO ADVISORY COUNCIL LLC3 years Service code 27 · EIN 76-0589971	Advisory (Plan)	$27,340
FRIERSON, SOLA, SIMONTON & KUTAC, P10+ years Service code 10 · EIN 46-1379281 801 TRAVIS, STE 1900 · HOUSTON, TX 77002	Accounting	$11,640

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$81K

$119 / participant

Investment mgmt$32K39.3%
Other / not subdivided$49K60.7%

% of EOY assets

0.388%

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: FRIERSON, SOLA, SIMONTON & KUTAC
Auditor EIN: 461379281
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,528

$58,911-49.9%

$129,384-77.2%

$77,736-62.0%

Participation rate

97.6%

59.4%+38.2pp

69.6%+28.0pp

70.6%+27.1pp

Annual return

9.20%

24.75%-15.5pp

9461.77%-9452.6pp

31.26%-22.1pp

Employer contribution / active EE

$1,684

$1,955-13.9%

$4,153-59.5%

$2,728-38.3%

Participant deferral / active EE

$211

$3,220-93.5%

$4,166-94.9%

$4,651-95.5%

Admin fee / account holder

$115

$592-80.6%

$7,686-98.5%

$433-73.5%

Provider

Service type

Compensation

I.A.T.S.E LOCAL UNION NO.516 years

Filed as: I.A.T.S.E. LOCAL UNION NO. 51

Service code 99 · EIN 74-1389651

Other Fees

$62,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,714

PORTFOLIO ADVISORY COUNCIL LLC3 years

Service code 27 · EIN 76-0589971

Advisory (Plan)

$27,340

FRIERSON, SOLA, SIMONTON & KUTAC, P10+ years

Service code 10 · EIN 46-1379281

801 TRAVIS, STE 1900 · HOUSTON, TX 77002

Accounting

$11,640

I.A.T.S.E. LOCAL UNION NO 51 DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL UNION NO 51 DEFINED CONTRIBUTION PENSION 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