Retirement plan

THE BALTIMORE TEACHERS UNION 401(K) PROFIT SHARING PLAN AND TRUST

Name: THE BALTIMORE TEACHER'S UNION - THE BALTIMORE TEACHERS UNION 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: THE BALTIMORE TEACHER'S UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BALTIMORE TEACHERS UNION 401(K) PROFIT SHARING PLAN AND TRUST, THE BALTIMORE TEACHER'S UNION

THE BALTIMORE TEACHER'S UNIONEIN 52-6044136Plan #002PY 2022

5800 METRO DRIVE - BALTIMORE, MD 21215410-358-6600baltu.orgLinkedIn11-50 employeesprimary/secondary education

Other plans on this EIN

1 filing

#001Retirement-$3.0M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$133K

-8.4% from 2021

Total participants

-5.9% from 2021

Average account balance

$16,668

-8.4% from 2021

Annual return

-15.09%

-24.16 pp from 2021

Benchmarks

See 6,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,929 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$293

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

+6.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14538

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 codes2F2G2J3D

Plan features

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).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$16,668

$67,396-75.3%

$60,919-72.6%

$134,545-87.6%

Participation rate

38.5%

76.2%-37.7pp

73.1%-34.6pp

81.2%-42.8pp

Annual return

-15.09%

50.12%-65.2pp

16.96%-32.1pp

418.37%-433.5pp

Employer contribution / active EE

$3,101-100.0%

$2,704-100.0%

$4,742-100.0%

Participant deferral / active EE

$748

$4,534-83.5%

$3,814-80.4%

$6,401-88.3%

Admin fee / account holder

$4,590-100.0%

$3,228-100.0%

$11,431-100.0%

THE BALTIMORE TEACHERS UNION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE BALTIMORE TEACHERS UNION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion