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 (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, AFT LOCAL 3 401K PLAN, PHILADELPHIA FEDERATION OF TEACHERS

PHILADELPHIA FEDERATION OF TEACHERSEIN 23-1297835Plan #005PY 2021

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

Other plans on this EIN

1 filing

#004Retirement-$2.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+27.9% from 2020

Total participants

-3.2% from 2020

Average account balance

$55,094

+32.5% from 2020

Annual return

26.50%

+19.12 pp from 2020

Benchmarks

See 6,468 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,468 peers

Snapshot2021

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

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

$71K

$3243 / participant

Other / not subdivided$71K100.0%

% of EOY assets

4.625%

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

$55,094

$84,741-35.0%

$75,731-27.3%

$167,553-67.1%

Participation rate

90.9%

77.8%+13.1pp

74.8%+16.1pp

82.1%+8.8pp

Annual return

26.50%

199.72%-173.2pp

104.65%-78.1pp

478.89%-452.4pp

Employer contribution / active EE

$1,906

$3,230-41.0%

$2,743-30.5%

$4,840-60.6%

Participant deferral / active EE

$1,770

$4,577-61.3%

$3,820-53.7%

$6,343-72.1%

Admin fee / account holder

$2,548

$5,361-52.5%

$3,620-29.6%

$12,316-79.3%

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