Retirement plan

PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN

Name: PHILADELPHIA FEDERATION OF TEACHERS - PHILADELPHIA FEDERATION OF TEACHERS OFFICE EMPLOYEES 401K PLAN (2021) 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 2021

1816 CHESTNUT STREET - PHILADELPHIA, PA 19103215-561-2722pft.orgLinkedIn11-50 employeese-learning

Other plans on this EIN

1 filing

#005Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+35.8% from 2020

Total participants

-3.6% from 2020

Average account balance

$81,164

+35.8% from 2020

Annual return

33.49%

+37.59 pp from 2020

Benchmarks

See 3,974 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,974 peers

Snapshot2021

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 codes2E2G2J2T

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.
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.

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

$9K

$379 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.467%

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

$81,164

$53,837+50.8%

$75,714+7.2%

$85,847-5.5%

Participation rate

92.0%

69.1%+22.9pp

74.8%+17.2pp

69.3%+22.7pp

Annual return

33.49%

24.54%+9.0pp

104.62%-71.1pp

318.61%-285.1pp

Employer contribution / active EE

$2,017-100.0%

$2,744-100.0%

$2,565-100.0%

Participant deferral / active EE

$1,405

$2,895-51.5%

$3,820-63.2%

$3,952-64.5%

Admin fee / account holder

$379

$3,339-88.7%

$3,619-89.5%

$6,261-94.0%

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