Illinois › Arts, entertainment and recreation › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Local 780 I.A.T.S.E. 401(k) Plan
Sponsored by Trustees of Local 780 I.A.T.S.E 401(k) Plan, Chicago, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Local 780 I.A.T.S.E. 401(k) Plan covered 106 participants and held $5.0M in net assets. The plan is a 401(k) plan sponsored by Trustees of Local 780 I.A.T.S.E 401(k) Plan of Chicago, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $47,231 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $37,341 median for defined contribution plans in arts, entertainment and recreation. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $397K during the year, or $5,298 per active participant against a same-size median of $2,447; participants contributed $235K and $3,989 arrived as rollovers and other contributions. Benefits paid out totalled $1.3M.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $10K: $94.42 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $45K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $3.6M in 2009 to $5.0M in 2024 (up 37%), and participants from 151 to 106 (down 30%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $47,231 | $60,185 | $37,341 | $53,102 |
| Employer contributions per active participant | $5,298 | $2,447 | $1,567 | $2,175 |
| Schedule C compensation per participant | $94.42 | $194 | $89.78 | $123 |
| Schedule C compensation, share of net assets | 0.20% | 0.32% | 0.27% | 0.26% |
| Administrative expenses per participant | $422 | $176 | $83.28 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), arts, entertainment and recreation (1,025) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 106 | $5.0M | $47,226 | $397K | $235K | $10K |
| 2023 | 103 | $5.2M | $50,019 | $353K | $268K | $9,000 |
| 2022 | 104 | $4.2M | $39,913 | $272K | $260K | $15K |
| 2021 | 104 | $4.6M | $44,644 | $307K | $268K | $15K |
| 2020 | 106 | $4.0M | $37,802 | $190K | $254K | $15K |
| 2012 | 106 | $4.0M | $38,170 | $168K | $184K | $50K |
| 2011 | 128 | $4.1M | $32,227 | $217K | $221K | $18K |
| 2010 | 142 | $4.4M | $30,958 | $297K | $214K | $55K |
| 2009 | 151 | $3.6M | $24,126 | $283K | $230K | $50K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$5,152,401
- Employer contributions$397,381
- Participant contributions$234,927
- Rollovers and other contributions$3,989
- Total contributions$636,297
- Total income, including investment results$1,232,990
- Benefits paid$1,334,208
- Administrative expenses$44,701
- Total expenses$1,378,909
- Net income−$145,919
- Net transfers$0
- Net assets, end of year$5,006,482
Participants
- Active participants75
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits30
- Participants with account balances95
- Total participants, end of year106
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| IATSE Local Union 780 | Recordkeeping and information management | $10,008 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$25,181
- Other administrative expenses$15,520
- IQPA audit fees$4,000
- Total administrative expenses$44,701
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$2.5M · 49.9%
- Pooled separate accounts$1.5M · 30.6%
- Common/collective trusts$976K · 19.5%
- Cash (interest and non-interest bearing)$673 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 711510.
Other plans of Trustees of Local 780 I.A.T.S.E 401(k) Plan
| Plan | Participants | Net assets |
|---|---|---|
| Local 780 I.A.T.S.E. 401(k) Plan | 106 | $5.0M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Caps Visual Communications, LLC 401(k) Plan | Caps Visual Communications, LLC | 120 | $15.5M | $129,396 |
| Local 780 I.A.T.S.E. 401(k) Plan | Trustees of Local 780 I.A.T.S.E 401(k) Plan | 106 | $5.0M | $47,231 |
| Navy Pier, Inc. 401(k) Plan | Navy Pier, Inc. | 138 | $9.4M | $68,340 |
| White Eagle Golf Club, Inc. 401(k) Profit Sharing Plan | White Eagle Golf Club, Inc. | 101 | $430K | $4,257 |
| Tivoli Enterprises Inc. 401(k) Retirement Plan | Tivoli Enterprises, Inc. | 149 | — | — |
| The Joffrey Ballet 403(b) Retirement Plan | The Joffrey Ballet | 150 | $6.4M | $42,385 |
Defined contribution plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is Local 780 I.A.T.S.E. 401(k) Plan?
106 participants at the end of the plan year ending 31 Dec 2024, of whom 75 were active employees, with net assets of $5,006,482. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Trustees of Local 780 I.A.T.S.E 401(k) Plan contribute per participant?
The filing reports $397,381 in employer contributions for the year, which is $5,298 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $10,008 in compensation to service provider organisations, $94.42 per participant or 0.20% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $44,701. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Trustees of Local 780 I.A.T.S.E 401(k) Plan. Recordkeeping or administration: IATSE Local Union 780. The financial statements were audited by Calibre CPA Group, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 18 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-3914076, plan 001, received 18 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.