Retirement plan

MOTION PICTURE INDUSTRY PENSION PLAN 401(K) SAVINGS PLAN

Name: MOTION PICTURE INDUSTRY PENSION PLAN - MOTION PICTURE INDUSTRY PENSION PLAN 401(K) SAVINGS PLAN (2021) Form 5500
Creator: MOTION PICTURE INDUSTRY PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOTION PICTURE INDUSTRY PENSION PLAN 401(K) SAVINGS PLAN, MOTION PICTURE INDUSTRY PENSION PLAN

MOTION PICTURE INDUSTRY PENSION PLANEIN 95-1810805Plan #003PY 2021

11365 VENTURA BLVD., SUITE 1999 - STUDIO CITY, CA 91604818-769-0007

Other plans on this EIN

1 filing

#001Retirement-$5.24B assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.6M

-4.2% from 2016

Total participants

179

-12.6% from 2016

Average account balance

$81,643

+10.6% from 2016

Annual return

14.38%

-10.28 pp from 2016

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

Participant deferral / active EE

$9,334

median $5,281

Employer contribution / active EE

$176

median $2,845

Participation rate

90.6%

median 93.1%

Avg account balance

$81,643

median $86,591

Admin fee / account holder

$251

median $182

Annual return

14.38%

median 15.43%

Overall peer rank

41of 100

41st percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$16.73M

Average account balance

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

$95K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

176

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

87.7%

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.49%

Admin fee / account holder

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

$411

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$28,063
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$13,564

Plan features & details

Pension benefit codes2G2J2S2T3D2F

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$302 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.307%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,643

$121,341-32.7%

$189,534-56.9%

$79,395+2.8%

Participation rate

90.6%

86.1%+4.5pp

87.8%+2.8pp

70.7%+19.9pp

Annual return

14.38%

21.08%-6.7pp

555.39%-541.0pp

116.90%-102.5pp

Employer contribution / active EE

$176

$3,915-95.5%

$6,162-97.1%

$2,428-92.7%

Participant deferral / active EE

$9,334

$6,395+46.0%

$8,220+13.5%

$4,046+130.7%

Admin fee / account holder

$251

$651-61.5%

$12,049-97.9%

$626-60.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$28,063

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$13,564

MOTION PICTURE INDUSTRY PENSION PLAN 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOTION PICTURE INDUSTRY PENSION PLAN 401(K) SAVINGS 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