Retirement plan

PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN

Name: PHILADELPHIA FEDERATION OF TEACHERS - PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN (2018) Form 5500
Creator: PHILADELPHIA FEDERATION OF TEACHERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN, PHILADELPHIA FEDERATION OF TEACHERS

PHILADELPHIA FEDERATION OF TEACHERSEIN 23-1297835Plan #004PY 2018

1816 CHESTNUT STREET - PHILADELPHIA, PA 191034999215-561-2722pft.orgLinkedIn11-50 employeese-learning

Other plans on this EIN

1 filing

#005Retirement-$2.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-0.3% from 2017

Total participants

-6.5% from 2017

Average account balance

$70,861

+6.6% from 2017

Annual return

8.94%

-0.18 pp from 2017

Benchmarks

See 3,832 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,832 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

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

+5.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3612

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$299K

$11512 / participant

Other / not subdivided$299K100.0%

% of EOY assets

14.566%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$70,861

$43,344+63.5%

$59,899+18.3%

$64,173+10.4%

Participation rate

100.0%

69.2%+30.8pp

74.7%+25.3pp

69.6%+30.4pp

Annual return

8.94%

-1.55%+10.5pp

3.46%+5.5pp

7.63%+1.3pp

Employer contribution / active EE

$2,282

$2,030+12.4%

$2,723-16.2%

$2,381-4.2%

Participant deferral / active EE

$1,506

$2,547-40.9%

$3,402-55.7%

$3,470-56.6%

Admin fee / account holder

$10,321

$3,008+243.1%

$3,592+187.3%

$4,887+111.2%

PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K 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