Retirement plan

UNITED TEACHERS LOS ANGELES EMPLOYEES' MONEY PURCHASE PENSION PLAN

Name: UNITED TEACHERS LOS ANGELES - UNITED TEACHERS LOS ANGELES EMPLOYEES' MONEY PURCHASE PENSION PLAN (2020) Form 5500
Creator: UNITED TEACHERS LOS ANGELES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED TEACHERS LOS ANGELES EMPLOYEES' MONEY PURCHASE PENSION PLAN, UNITED TEACHERS LOS ANGELES

UNITED TEACHERS LOS ANGELESEIN 95-2635019Plan #001PY 2020

3303 WILSHIRE BLVD., 10TH FLOOR - LOS ANGELES, CA 90010213-637-5165utla.netLinkedIn51-200 employeescivic & social organization

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$23.4M

+12.3% from 2019

Total participants

103

+25.6% from 2019

Average account balance

$226,859

-10.6% from 2019

Annual return

14.53%

-4.39 pp from 2019

Benchmarks

See 3,927 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,927 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.30M

Not enough data

1 years with asset history on file

Average account balance

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

$320K

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.

101

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.

132.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+16.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10268

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 codes2C2F2G2J2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$22185 / participant

Other / not subdivided$2M100.0%

% of EOY assets

6.551%

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

$226,859

$49,255+360.6%

$70,494+221.8%

$79,856+184.1%

Participation rate

100.0%

69.2%+30.8pp

75.1%+24.9pp

69.6%+30.4pp

Annual return

14.53%

30.10%-15.6pp

109.16%-94.6pp

31.71%-17.2pp

Employer contribution / active EE

$14,381

$2,100+584.8%

$2,738+425.2%

$2,471+481.9%

Participant deferral / active EE

$1,180

$2,768-57.4%

$3,711-68.2%

$3,741-68.4%

Admin fee / account holder

$14,862

$2,879+416.2%

$3,848+286.2%

$5,306+180.1%

UNITED TEACHERS LOS ANGELES EMPLOYEES' MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED TEACHERS LOS ANGELES EMPLOYEES' MONEY PURCHASE PENSION 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