Plan Ledger DOL Form 5500 · updated monthly

Trustees of Local 780 I.A.T.S.E. 401(K) Plan401(k)

LOCAL 780 I.A.T.S.E. 401(K) PLAN · MERRITT ISLAND, FL · plan year 2023

Reported admin expense ratio · 2023
0.46%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Trustees of Local 780 I.A.T.S.E. 401(K) Plan reported $21,172 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $4,709 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.67% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Florida (2,460th of 3,644), and 924th of 1,311 in arts, entertainment & recreation. In 2023, the employer put in $1.32 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,152,401
Participants with balances102
Active participants75
Employer contributions$353,185
Employee contributions$267,590
Employer contribution per active participant$4,709
Average account balance$50,514
Benefits paid to participants$393,486
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 95 accts · $397K emplr
2023$5.2M · 102 accts · $353K emplr
2022$4.2M · 101 accts · $272K emplr
Administrative expenses, itemized · 2023
Investment management$3,750
Audit (IQPA)$4,000
Total administrative$21,172
The Trustees of Local 780 I.A.T.S.E. 401(K) Plan 401(k) match · 2023
Employer contribution per active participant$4,709
Median for plans this size$1,308
2024$5,298 per active participant
2023$4,709 per active participant
2022$3,679 per active participant

Trustees of Local 780 I.A.T.S.E. 401(K) Plan's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
IATSE LOCAL UNION 780 · Recordkeeping$9,014

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024IATSE LOCAL UNION 780
2023IATSE LOCAL UNION 780

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,701 · 0.88%
2023$21,172 · 0.46%
2022$29,546 · 0.67%
All plans at this employer2
LOCAL 780 I.A.T.S.E. 401(K) PLAN401(k)
LOCAL 780 I.A.T.S.E. 401(K) PLAN401(k)
Similar plansArts, Entertainment & Recreation · Florida
Yf Fc Operations, LLC FL$5.2M · 0.95%
Ruth Eckerd Hall, Inc. FL$4.8M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363914076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.