California › Arts, entertainment and recreation › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
I.A.T.S.E. Local No. 33 Pension Trust Fund
Sponsored by Board of Trustees, I.A.T.S.E. Local No. 33 Pension, Los Angeles, CA
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, I.A.T.S.E. Local No. 33 Pension Trust Fund covered 2,270 participants and held $231M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees, I.A.T.S.E. Local No. 33 Pension of Los Angeles, California. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $101,763 per participant, above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and close to the $98,070 median for defined benefit 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.
Employer contributions were $11.6M for the year ($11,516 per active participant) and benefits paid were $28.0M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $1.1M: $470 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.3M. 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 $208M in 2010 to $231M in 2024 (up 11%), and participants from 1,779 to 2,270 (up 28%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $101,763 | $87,935 | $98,070 | $86,221 |
| Employer contributions per active participant | $11,516 | $10,593 | $8,284 | $10,244 |
| Schedule C compensation per participant | $470 | $325 | $440 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.41% | 0.49% | 0.42% |
| Administrative expenses per participant | $561 | $513 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), arts, entertainment and recreation (119) and all US plans (5,308). 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 | 2,270 | $231M | $101,763 | $11.6M | — | $1.1M |
| 2023 | 2,126 | $228M | $107,182 | $12.0M | — | $1.0M |
| 2022 | 2,156 | $219M | $101,424 | $12.2M | — | $1.2M |
| 2021 | 2,253 | $262M | $116,080 | $8.5M | — | $1.0M |
| 2020 | 2,260 | $242M | $107,190 | $5.8M | — | $1.0M |
| 2019 | 2,208 | $236M | $106,769 | $11.2M | — | $1.3M |
| 2018 | 2,274 | $213M | $93,811 | $11.2M | — | $1.5M |
| 2017 | 1,973 | $234M | $118,684 | $11.0M | — | $1.2M |
| 2016 | 1,920 | $218M | $113,478 | $10.0M | — | $953K |
| 2015 | 1,890 | $215M | $113,759 | $10.3M | — | $1.0M |
| 2014 | 1,831 | $229M | $125,268 | $10.1M | — | $1.2M |
| 2013 | 1,887 | $228M | $120,718 | $9.2M | — | $1.1M |
| 2012 | 1,922 | $211M | $109,822 | $9.7M | — | $1.1M |
| 2010 | 1,779 | $208M | $117,114 | $7.5M | — | $1.1M |
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$227,868,413
- Employer contributions$11,642,333
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$11,642,333
- Total income, including investment results$32,385,976
- Benefits paid$27,979,650
- Administrative expenses$1,273,433
- Total expenses$29,253,083
- Net income$3,132,893
- Net transfers$0
- Net assets, end of year$231,001,306
Participants
- Active participants1,011
- Retired or separated, receiving benefits656
- Retired or separated, entitled to future benefits419
- Participants with account balances0
- Total participants, end of year2,270
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benefit Programs Administration | Contract Administrator; Recordkeeping and information management | $296,319 | $0 |
| The Northern Trust Co. | Custodial (securities); Investment management | $179,674 | $0 |
| Meketa Investment Group | Consulting (pension); Investment advisory (plan) | $125,451 | $0 |
| Buchalter | Legal | $100,537 | $0 |
| Morgan Stanley | Investment management fees paid directly by plan | $88,036 | $0 |
| Gilbert & Sackman | Legal | $80,295 | $0 |
| Milliman | Actuarial; Consulting (pension) | $53,040 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $52,750 | $0 |
| Loomis, Sayles & Company, LP | Investment management fees paid directly by plan | $36,545 | $0 |
| Heitman Real Estate Securities LLC | Investment management fees paid directly by plan | $26,076 | $0 |
| Berry & Co., CPAS | Accounting (including auditing) | $13,807 | $0 |
| US Bank National Association | Trustee (bank, trust company, or similar financial institution) | $11,451 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 smaller rows are not shown. 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
- Contract administrator fees$296,319
- Investment advisory and management fees$278,323
- Trustee and custodial fees$191,125
- Other administrative expenses$187,142
- Legal fees$180,832
- Actuarial fees$53,040
- IQPA audit fees$52,750
- Other trustee fees and expenses$20,095
- Recordkeeping fees$13,807
- Total administrative expenses$1,273,433
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.
- Common/collective trusts$108M · 46.6%
- Partnership/joint venture interests$63.4M · 27.4%
- Registered investment companies (mutual funds)$41.4M · 17.9%
- Other investments$7.2M · 3.1%
- Corporate stocks$4.9M · 2.1%
- Buildings and other property used in plan operation$2.4M · 1.0%
- Cash (interest and non-interest bearing)$2.3M · 1.0%
- Receivables$2.1M · 0.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMiller Kaplan Arase LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the year—
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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 713900: Other Amusement & Recreation Industries (including golf courses, skiing facilities, marinas, fitness centers, & bowling centers).
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| I.A.T.S.E. Local 16 Pension Plan | I.A.T.S.E. Local 16 Pension Plan Trustees | 3,877 | $283M | $72,945 |
| Zoological Society of San Diego Restated Pension Plan for Union Employees | San Diego Zoo Wildlife Alliance | 1,590 | $97.8M | $61,492 |
| San Diego County Theatrical Pension Plan | Board of Trustees, San Diego County Theatrical | 1,074 | $63.1M | $58,718 |
| Zoological Society of San Diego Restated Pension Plan for Non-Union Employees | San Diego Zoo Wildlife Alliance | 1,051 | $108M | $102,826 |
| Major League Baseball Pension Plan for Non-Uniformed Personnel | Los Angeles Dodgers LLC | 853 | $80.4M | $94,281 |
| Major League Baseball Pension Plan for Non-Uniformed Personnel | San Francisco Baseball Associates LLC | 832 | $104M | $124,865 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is I.A.T.S.E. Local No. 33 Pension Trust Fund?
2,270 participants at the end of the plan year ending 31 Dec 2024, of whom 1,011 were active employees, with net assets of $231,001,306. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Board of Trustees, I.A.T.S.E. Local No. 33 Pension contribute per participant?
The filing reports $11,642,333 in employer contributions for the year, which is $11,516 per active participant; the median for plans of the same type and size was $10,593 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 $1,066,958 in compensation to service provider organisations, $470 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,273,433. 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 Board of Trustees, I.A.T.S.E. Local No. 33 Pension. Recordkeeping or administration: Benefit Programs Administration. Investment advisory or management: The Northern Trust Co. and Meketa Investment Group. Trustee or custodian: The Northern Trust Co. and US Bank National Association. The financial statements were audited by Miller Kaplan Arase LLP. 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 15 Oct 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 95-6377503, plan 001, received 15 Oct 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.