Retirement plan

I.A.T.S.E. LOCAL NO. 33 PENSION TRUST FUND

Name: BOARD OF TRUSTEES, I.A.T.S.E. LOCAL NO. 33 PENSION - I.A.T.S.E. LOCAL NO. 33 PENSION TRUST FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES, I.A.T.S.E. LOCAL NO. 33 PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL NO. 33 PENSION TRUST FUND, BOARD OF TRUSTEES, I.A.T.S.E. LOCAL NO. 33 PENSION

BOARD OF TRUSTEES, I.A.T.S.E. LOCAL NO. 33 PENSIONdba TRUST FUNDEIN 95-6377503Plan #001PY 2024

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

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$231.6M

+1.6% from 2023

Total participants

2,270

+6.8% from 2023

Average account balance

No prior year

Annual return

8.73%

-2.90 pp from 2023

Benchmarks

See 782 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort782 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$231.63M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

1,259

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+8.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 13 by compensation

Provider	Service type	Compensation
BENEFIT PROGRAMS ADMINISTRATION7 years Service code 13 · EIN 13-2501278	Contract Administrator	$296,319
NORTHERN TRUST COMPANY10+ years Filed as: THE NORTHERN TRUST CO. Service code 19 · EIN 36-1561860	Securities Custodian	$179,674
MEKETA INVESTMENT GROUP10+ years Service code 17 · EIN 04-2659023	Pension Consulting	$125,451
BUCHALTER8 years Service code 29 · EIN 95-2640846	Legal	$100,537
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 51 1585 BROADWAY · NEW YORK, NY 10036	Investment Mgmt Fees	$88,036
GILBERT & SACKMAN10+ years Service code 29 · EIN 95-2906951	Legal	$80,295
MILLIMAN, INC.10+ years Filed as: MILLIMAN Service code 11 · EIN 91-0675641	Actuarial	$53,040
MILLER KAPLAN ARASE LLP10+ years Service code 10 · EIN 95-2036255	Accounting	$52,750
LOOMIS SAYLES8 years Filed as: LOOMIS, SAYLES & COMPANY, LP Service code 51 · EIN 04-3200030	Investment Mgmt Fees	$36,545
HEITMAN REAL ESTATE SECURITIES10+ years Filed as: HEITMAN REAL ESTATE SECURITIES LLC Service code 51 · EIN 36-4265577	Investment Mgmt Fees	$26,076

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$1260 / participant

Recordkeeping$14K1.1%
Trustee / custodial$191K15.0%
Investment mgmt$278K21.9%
Legal$181K14.2%
Actuarial$53K4.2%
Other trustee fees$20K1.6%
Contract admin$296K23.3%
Other / not subdivided$240K18.8%

% of EOY assets

0.550%

all-in expense ratio

Categories reported

7 / 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: $52,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,677-100.0%

Participation rate

0.0%

0.0%0pp

28.6%-28.6pp

0.0%0pp

Annual return

8.73%

9.30%-0.6pp

8.41%+0.3pp

9.30%-0.6pp

Employer contribution / active EE

$11,516

$12,551-8.2%

$41,333-72.1%

$12,551-8.2%

Participant deferral / active EE

$2,867-100.0%

$40-100.0%

$2,867-100.0%

Admin fee / account holder

$3,303-100.0%

Provider

Service type

Compensation

BENEFIT PROGRAMS ADMINISTRATION7 years

Service code 13 · EIN 13-2501278

Contract Administrator

$296,319

NORTHERN TRUST COMPANY10+ years

Filed as: THE NORTHERN TRUST CO.

Service code 19 · EIN 36-1561860

Securities Custodian

$179,674

MEKETA INVESTMENT GROUP10+ years

Service code 17 · EIN 04-2659023

Pension Consulting

$125,451

BUCHALTER8 years

Service code 29 · EIN 95-2640846

Legal

$100,537

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 51

1585 BROADWAY · NEW YORK, NY 10036

Investment Mgmt Fees

$88,036

GILBERT & SACKMAN10+ years

Service code 29 · EIN 95-2906951

Legal

$80,295

MILLIMAN, INC.10+ years

Filed as: MILLIMAN

Service code 11 · EIN 91-0675641

Actuarial

$53,040

MILLER KAPLAN ARASE LLP10+ years

Service code 10 · EIN 95-2036255

Accounting

$52,750

LOOMIS SAYLES8 years

Filed as: LOOMIS, SAYLES & COMPANY, LP

Service code 51 · EIN 04-3200030

Investment Mgmt Fees

$36,545

HEITMAN REAL ESTATE SECURITIES10+ years

Filed as: HEITMAN REAL ESTATE SECURITIES LLC

Service code 51 · EIN 36-4265577

Investment Mgmt Fees

$26,076

I.A.T.S.E. LOCAL NO. 33 PENSION TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL NO. 33 PENSION TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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