Retirement plan

PHILADELPHIA FEDERATION OF TEACHERS, AFT LOCAL 3 401K PLAN

Name: PHILADELPHIA FEDERATION OF TEACHERS - PHILADELPHIA FEDERATION OF TEACHERS, AFT LOCAL 3 401K PLAN (2019) Form 5500
Creator: PHILADELPHIA FEDERATION OF TEACHERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILADELPHIA FEDERATION OF TEACHERS, AFT LOCAL 3 401K PLAN, PHILADELPHIA FEDERATION OF TEACHERS

PHILADELPHIA FEDERATION OF TEACHERSEIN 23-1297835Plan #005PY 2019

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

Other plans on this EIN

1 filing

#004Retirement-$1.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-52.4% from 2018

Total participants

-13.2% from 2018

Average account balance

$38,131

-45.0% from 2018

Annual return

2.51%

-5.31 pp from 2018

Benchmarks

See 3,898 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,898 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36097

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$60976 / participant

Other / not subdivided$2M100.0%

% of EOY assets

124.930%

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

$38,131

$45,087-15.4%

$69,483-45.1%

$72,976-47.7%

Participation rate

96.0%

68.5%+27.5pp

74.6%+21.4pp

69.5%+26.5pp

Annual return

2.51%

22.67%-20.2pp

28.99%-26.5pp

81.02%-78.5pp

Employer contribution / active EE

$2,140

$2,055+4.1%

$2,780-23.0%

$2,440-12.3%

Participant deferral / active EE

$2,006

$2,603-22.9%

$3,537-43.3%

$3,608-44.4%

Admin fee / account holder

$47,637

$3,057+1458.4%

$3,841+1140.2%

$5,124+829.7%

PHILADELPHIA FEDERATION OF TEACHERS, AFT LOCAL 3 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILADELPHIA FEDERATION OF TEACHERS, AFT LOCAL 3 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