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 (2023) 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 2023

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

Prospect flagsLow participationLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$342M

+15.7% from 2022

Total participants

8,365

+8.6% from 2022

Average account balance

$57,562

+9.8% from 2022

Annual return

16.72%

+31.99 pp from 2022

Benchmarks

See 1,194 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,194 peers

Snapshot2023

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
BENEFIT PROGRAMS ADMINISTRATION6 years Service code 14 · EIN 13-2501278	Plan Administrator	$147,670
GILBERT & SACKMAN9+ years Service code 29 · EIN 95-2906951	Legal	$69,332
ALAN BILLER & ASSOCIATES7 years Filed as: ALAN D BILLER ASSOCIATES Service code 27 · EIN 94-2854958	Advisory (Plan)	$62,424
MILLER KAPLAN ARASE LLP9+ years Service code 10 · EIN 95-2036255	Accounting	$32,816
MILLIMAN, INC.1 year Service code 17 · EIN 91-0675641	Pension Consulting	$30,153
BERRY & CO., CPA'S LTD7 years Filed as: BERRY AND CO CPA'S Service code 10 · EIN 88-0400174	Accounting	$8,700

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

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$444K

$55 / participant

Recordkeeping$9K2.0%
Trustee / custodial$3K0.6%
Investment mgmt$62K14.1%
Legal$69K15.6%
Other trustee fees$12K2.8%
Contract admin$148K33.2%
Other / not subdivided$141K31.8%

% of EOY assets

0.130%

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: $32,816
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,562

$103,514-44.4%

$121,169-52.5%

$103,514-44.4%

Participation rate

69.9%

73.3%-3.4pp

69.5%+0.4pp

73.3%-3.4pp

Annual return

16.72%

33.12%-16.4pp

986.71%-970.0pp

33.12%-16.4pp

Employer contribution / active EE

$740

$3,210-76.9%

$4,168-82.2%

$3,210-76.9%

Participant deferral / active EE

$953

$5,209-81.7%

$4,083-76.7%

$5,209-81.7%

Admin fee / account holder

$75

$114-34.5%

$5,645-98.7%

$114-34.5%

Provider

Service type

Compensation

BENEFIT PROGRAMS ADMINISTRATION6 years

Service code 14 · EIN 13-2501278

Plan Administrator

$147,670

GILBERT & SACKMAN9+ years

Service code 29 · EIN 95-2906951

Legal

$69,332

ALAN BILLER & ASSOCIATES7 years

Filed as: ALAN D BILLER ASSOCIATES

Service code 27 · EIN 94-2854958

Advisory (Plan)

$62,424

MILLER KAPLAN ARASE LLP9+ years

Service code 10 · EIN 95-2036255

Accounting

$32,816

MILLIMAN, INC.1 year

Service code 17 · EIN 91-0675641

Pension Consulting

$30,153

BERRY & CO., CPA'S LTD7 years

Filed as: BERRY AND CO CPA'S

Service code 10 · EIN 88-0400174

Accounting

$8,700

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