Retirement plan

I.A.T.S.E. LOCAL 33 SECTION 401(K) PLAN

Name: BOARD OF TRUSTEES, I.A.T.S.E. LOCAL 33 SECTION 401(K) - I.A.T.S.E. LOCAL 33 SECTION 401(K) PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, I.A.T.S.E. LOCAL 33 SECTION 401(K)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL 33 SECTION 401(K) PLAN, BOARD OF TRUSTEES, I.A.T.S.E. LOCAL 33 SECTION 401(K)

BOARD OF TRUSTEES, I.A.T.S.E. LOCAL 33 SECTION 401(K)dba PLANEIN 95-3954078Plan #002PY 2024

1200 WILSHIRE BLVD 5TH FL - LOS ANGELES, CA 90017213-406-2330LinkedIn1001-5000 employeesrecreational facilities and services

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$381M

-4.9% from 2016

Total participants

8,574

-6.7% from 2016

Average account balance

$65,255

-0.5% from 2016

Annual return

13.67%

-5.76 pp from 2016

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$380.96M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

5,838

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.

66.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.00M

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 7 by compensation

Provider	Service type	Compensation
BENEFIT PROGRAMS ADMINISTRATION7 years Service code 14 · EIN 13-2501278	Plan Administrator	$183,043
GILBERT & SACKMAN10+ years Service code 29 · EIN 95-2906951	Legal	$91,505
ALAN BILLER & ASSOCIATES8 years Filed as: ALAN D BILLER ASSOCIATES Service code 27 · EIN 94-2854958	Advisory (Plan)	$62,424
MILLER KAPLAN ARASE LLP10+ years Service code 10 · EIN 95-2036255	Accounting	$34,350
BERRY & CO., CPA'S LTD8 years Filed as: BERRY AND CO CPA'S Service code 10 · EIN 88-0400174	Accounting	$12,428
MILLIMAN, INC.2 years Service code 17 · EIN 91-0675641	Pension Consulting	$10,000
IRON MOUNTAIN1 year Service code 49 · EIN 23-2588479	Other Services	$7,919

Plan features & details

Pension benefit codes2G2J

Plan features

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$471K

$57 / participant

Recordkeeping$12K2.6%
Trustee / custodial$4K0.8%
Investment mgmt$62K13.3%
Legal$92K19.4%
Other trustee fees$22K4.8%
Contract admin$183K38.9%
Other / not subdivided$95K20.2%

% of EOY assets

0.124%

all-in expense ratio

Categories reported

6 / 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: $34,350
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,255

$99,313-34.3%

$129,406-49.6%

$99,313-34.3%

Participation rate

66.8%

71.7%-4.9pp

69.6%-2.8pp

71.7%-4.9pp

Annual return

13.67%

17.67%-4.0pp

9468.18%-9454.5pp

17.67%-4.0pp

Employer contribution / active EE

$720

$3,264-78.0%

$4,155-82.7%

$3,264-78.0%

Participant deferral / active EE

$979

$5,346-81.7%

$4,167-76.5%

$5,346-81.7%

Admin fee / account holder

$81

$109-26.2%

$7,689-99.0%

$109-26.2%

Provider

Service type

Compensation

BENEFIT PROGRAMS ADMINISTRATION7 years

Service code 14 · EIN 13-2501278

Plan Administrator

$183,043

GILBERT & SACKMAN10+ years

Service code 29 · EIN 95-2906951

Legal

$91,505

ALAN BILLER & ASSOCIATES8 years

Filed as: ALAN D BILLER ASSOCIATES

Service code 27 · EIN 94-2854958

Advisory (Plan)

$62,424

MILLER KAPLAN ARASE LLP10+ years

Service code 10 · EIN 95-2036255

Accounting

$34,350

BERRY & CO., CPA'S LTD8 years

Filed as: BERRY AND CO CPA'S

Service code 10 · EIN 88-0400174

Accounting

$12,428

MILLIMAN, INC.2 years

Service code 17 · EIN 91-0675641

Pension Consulting

$10,000

IRON MOUNTAIN1 year

Service code 49 · EIN 23-2588479

Other Services

$7,919

I.A.T.S.E. LOCAL 33 SECTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL 33 SECTION 401(K) 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