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 (2020) 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 2020

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$319.8M

-4.9% from 2016

Total participants

6,396

-6.7% from 2016

Average account balance

$63,558

-0.5% from 2016

Annual return

16.27%

-5.76 pp from 2016

Benchmarks

See 1,112 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,112 peers

Snapshot2020

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 6 by compensation

Provider	Service type	Compensation
GILBERT & SACKMAN6+ years Service code 29 · EIN 95-2906951	Legal	$128,914
BENEFIT PROGRAMS ADMINISTRATION3 years Service code 13 · EIN 13-2501278	Contract Administrator	$125,059
ALAN BILLER & ASSOCIATES4 years Filed as: ALAN D BILLER ASSOCIATES Service code 27 · EIN 94-2854958	Advisory (Plan)	$62,424
MILLER KAPLAN ARASE LLP6+ years Service code 10 · EIN 95-2036255	Accounting	$27,300
BUCHALTER1 year Service code 29 1000 WILSHIRE BLVD STE 1500 · LOS ANGELES, CA 90017	Legal	$18,700
BERRY & CO., CPA'S LTD4 years Filed as: BERRY AND CO CPA'S Service code 10 · EIN 88-0400174	Accounting	$5,430

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

2 tripped

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

$445K

$72 / participant

Investment mgmt$62K14.0%
Contract admin$125K28.1%
Other / not subdivided$257K57.9%

% of EOY assets

0.139%

all-in expense ratio

Categories reported

2 / 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

$63,558

$93,223-31.8%

$134,162-52.6%

$93,223-31.8%

Participation rate

77.9%

74.9%+3.0pp

72.2%+5.8pp

74.9%+3.0pp

Annual return

16.27%

19.29%-3.0pp

36.35%-20.1pp

19.29%-3.0pp

Employer contribution / active EE

$548

$2,680-79.6%

$3,705-85.2%

$2,680-79.6%

Participant deferral / active EE

$659

$4,563-85.6%

$3,500-81.2%

$4,563-85.6%

Admin fee / account holder

$88

$79+11.7%

$6,685-98.7%

$79+11.7%

Provider

Service type

Compensation

GILBERT & SACKMAN6+ years

Service code 29 · EIN 95-2906951

Legal

$128,914

BENEFIT PROGRAMS ADMINISTRATION3 years

Service code 13 · EIN 13-2501278

Contract Administrator

$125,059

ALAN BILLER & ASSOCIATES4 years

Filed as: ALAN D BILLER ASSOCIATES

Service code 27 · EIN 94-2854958

Advisory (Plan)

$62,424

MILLER KAPLAN ARASE LLP6+ years

Service code 10 · EIN 95-2036255

Accounting

$27,300

BUCHALTER1 year

Service code 29

1000 WILSHIRE BLVD STE 1500 · LOS ANGELES, CA 90017

Legal

$18,700

BERRY & CO., CPA'S LTD4 years

Filed as: BERRY AND CO CPA'S

Service code 10 · EIN 88-0400174

Accounting

$5,430

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