Retirement plan

MASSACHUSETTS TEACHERS ASSOCIATION 401(K) SAVINGS PLAN

Name: MASSACHUSETTS TEACHERS ASSOCIATION - MASSACHUSETTS TEACHERS ASSOCIATION 401(K) SAVINGS PLAN (2015) Form 5500
Creator: MASSACHUSETTS TEACHERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASSACHUSETTS TEACHERS ASSOCIATION 401(K) SAVINGS PLAN, MASSACHUSETTS TEACHERS ASSOCIATION

MASSACHUSETTS TEACHERS ASSOCIATIONEIN 04-1591200Plan #002PY 2015

2 HERITAGE DRIVE, 8TH FLOOR - QUINCY, MA 02171617-878-8000massteacher.orgLinkedIn51-200 employeespublic policy

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$9.9M

No prior year

Total participants

160

No prior year

Average account balance

$100,829

No prior year

Annual return

1.91%

No prior year

Benchmarks

See 953 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.56M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

144

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.

69.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,962

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$21 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KIRKLAND, ALBRECHT & FREDRICKSON, L
Auditor EIN: 043121055
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,829

$51,769+94.8%

$57,356+75.8%

$52,331+92.7%

Participation rate

56.3%

75.2%-18.9pp

75.1%-18.7pp

68.1%-11.8pp

Annual return

1.91%

2.43%-0.5pp

24.41%-22.5pp

4.54%-2.6pp

Employer contribution / active EE

$2,335-100.0%

$2,689-100.0%

$1,882-100.0%

Participant deferral / active EE

$6,616

$2,794+136.8%

$3,162+109.3%

$3,022+118.9%

Admin fee / account holder

$30

$295-89.7%

$3,357-99.1%

$592-94.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,962

MASSACHUSETTS TEACHERS ASSOCIATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASSACHUSETTS TEACHERS ASSOCIATION 401(K) SAVINGS 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