Retirement plan

CHICAGO TEACHERS UNION STAFF RETIREMENT PLAN

Name: CHICAGO TEACHERS UNION - CHICAGO TEACHERS UNION STAFF RETIREMENT PLAN (2016) Form 5500
Creator: CHICAGO TEACHERS UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO TEACHERS UNION STAFF RETIREMENT PLAN, CHICAGO TEACHERS UNION

CHICAGO TEACHERS UNIONEIN 36-0906695Plan #002PY 2016

1901 W CARROLL AVENUE - CHICAGO, IL 60612312-329-6224ctuf.orgLinkedIn51-200 employeeseducation management

Other plans on this EIN

2 filings

#003Retirement-$8.0M assets #006Retirement-$961K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$914K

-20.1% from 2015

Total participants

-10.8% from 2015

Average account balance

$31,509

+2.0% from 2015

Annual return

5.01%

+13.64 pp from 2015

Benchmarks

See 5,387 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,387 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.63M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

143.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$437K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6377

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 codes2E2F2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

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

$488K

$23244 / participant

Other / not subdivided$488K100.0%

% of EOY assets

53.420%

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

$31,509

$65,685-52.0%

$57,181-44.9%

$273,965-88.5%

Participation rate

81.0%

78.3%+2.6pp

75.3%+5.6pp

83.0%-2.1pp

Annual return

5.01%

21.99%-17.0pp

14.59%-9.6pp

41.45%-36.4pp

Employer contribution / active EE

$7,661

$3,279+133.7%

$2,682+185.6%

$4,869+57.4%

Participant deferral / active EE

$1,718

$3,781-54.6%

$3,096-44.5%

$5,287-67.5%

Admin fee / account holder

$16,832

$4,835+248.2%

$3,139+436.2%

$10,132+66.1%

CHICAGO TEACHERS UNION STAFF RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO TEACHERS UNION STAFF RETIREMENT 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