Retirement plan

BOSTON TEACHERS UNION HEALTH & WELFARE FUND 401(K) PLAN

Name: BOSTON TEACHERS UNION HEALTH & WELFARE FUND - BOSTON TEACHERS UNION HEALTH & WELFARE FUND 401(K) PLAN (2024) Form 5500
Creator: BOSTON TEACHERS UNION HEALTH & WELFARE FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSTON TEACHERS UNION HEALTH & WELFARE FUND 401(K) PLAN, BOSTON TEACHERS UNION HEALTH & WELFARE FUND

BOSTON TEACHERS UNION HEALTH & WELFARE FUNDEIN 04-2511984Plan #002PY 2024

180 MOUNT VERNON STREET - BOSTON, MA 02125617-288-0500btuhwf.orgLinkedIn11-50 employeeshuman resources

Other plans on this EIN

1 filing

#001Retirement-$3.9M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$522K

+29.2% from 2023

Total participants

+4.2% from 2023

Average account balance

$47,471

+29.2% from 2023

Annual return

17.82%

+10.26 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$522K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

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.

47.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.82%

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,471

$88,815-46.6%

$81,882-42.0%

$145,897-67.5%

Participation rate

39.1%

75.1%-35.9pp

72.4%-33.3pp

80.3%-41.2pp

Annual return

17.82%

1033.75%-1015.9pp

779.47%-761.7pp

552.29%-534.5pp

Employer contribution / active EE

$3,086-100.0%

$2,916-100.0%

$4,663-100.0%

Participant deferral / active EE

$1,998

$4,647-57.0%

$4,323-53.8%

$6,689-70.1%

Admin fee / account holder

$8,434-100.0%

$7,360-100.0%

$13,390-100.0%

BOSTON TEACHERS UNION HEALTH & WELFARE FUND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BOSTON TEACHERS UNION HEALTH & WELFARE FUND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion