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 (2022) 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 2022

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$16.4M

-12.8% from 2021

Total participants

665

-74.1% from 2021

Average account balance

$25,464

-24.1% from 2021

Annual return

-13.91%

-22.58 pp from 2021

Benchmarks

See 426 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort426 peers

Snapshot2022

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PORTFOLIO ADVISORY COUNCIL LLC1 year Service code 27 · EIN 76-0589971	Advisory (Plan)	$76,044
I.A.T.S.E LOCAL UNION NO.518+ years Service code 13 · EIN 74-1389651	Contract Administrator	$55,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,797
FRIERSON, SOLA, SIMONTON & KUTAC, P8+ years Service code 10 · EIN 46-1379281 801 TRAVIS, SUITE 1900 · HOUSTON, TX 77002	Accounting	$23,904

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$82K

$207 / participant

Investment mgmt$26K32.0%
Other / not subdivided$56K68.0%

% of EOY assets

0.502%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,464

$47,898-46.8%

$117,498-78.3%

$64,814-60.7%

Participation rate

94.7%

61.9%+32.8pp

70.6%+24.1pp

71.5%+23.3pp

Annual return

-13.91%

-15.54%+1.6pp

29.75%-43.7pp

32.84%-46.7pp

Employer contribution / active EE

$2,375

$1,774+33.9%

$4,178-43.1%

$2,507-5.2%

Participant deferral / active EE

$327

$3,151-89.6%

$4,071-92.0%

$4,310-92.4%

Admin fee / account holder

$128

$132-3.0%

$5,646-97.7%

$188-31.9%

Provider

Service type

Compensation

PORTFOLIO ADVISORY COUNCIL LLC1 year

Service code 27 · EIN 76-0589971

Advisory (Plan)

$76,044

I.A.T.S.E LOCAL UNION NO.518+ years

Service code 13 · EIN 74-1389651

Contract Administrator

$55,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,797

FRIERSON, SOLA, SIMONTON & KUTAC, P8+ years

Service code 10 · EIN 46-1379281

801 TRAVIS, SUITE 1900 · HOUSTON, TX 77002

Accounting

$23,904

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