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 (2024) 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 2024

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)

$1.6M

+20.6% from 2023

Total participants

-3.6% from 2023

Average account balance

$63,650

+25.4% from 2023

Annual return

16.15%

+17.55 pp from 2023

Benchmarks

See 8,067 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,067 peers

Snapshot2024

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

$91K

$4315 / participant

Other / not subdivided$91K100.0%

% of EOY assets

5.694%

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

$63,650

$72,403-12.1%

$67,524-5.7%

$145,978-56.4%

Participation rate

90.5%

76.9%+13.6pp

72.9%+17.6pp

80.3%+10.2pp

Annual return

16.15%

7197.23%-7181.1pp

3519.41%-3503.3pp

550.52%-534.4pp

Employer contribution / active EE

$3,757

$3,072+22.3%

$2,734+37.4%

$4,662-19.4%

Participant deferral / active EE

$2,632

$4,782-45.0%

$4,001-34.2%

$6,690-60.7%

Admin fee / account holder

$3,624

$5,541-34.6%

$4,001-9.4%

$13,400-73.0%

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