Plan Ledger DOL Form 5500 · updated monthly

United Federation of Teachers and the Uft Welfare Fund401(k)

UNITED FEDERATION OF TEACHERS AND UFT WELFARE FUND 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

United Federation of Teachers and the Uft Welfare Fund reported $54,424 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $1,753 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.10% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 1,193rd-largest of 5,648 plans among New York employers on file, and the 804th of 3,091 in educational services. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 413 to 486 since 2022.

Plan summary
Net assets, end of year$60,326,584
Participants with balances524
Active participants486
Employer contributions$851,847
Employee contributions$1,871,928
Employer contribution per active participant$1,753
Average account balance$115,127
Benefits paid to participants$3,894,290
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.3M · 524 accts · $852K emplr
2023$54.6M · 515 accts · $817K emplr
2022$48.1M · 503 accts · $783K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,698
Audit (IQPA)$7,800
Trustee / custodial$6,856
Total administrative$54,424
The United Federation of Teachers and the Uft Welfare Fund 401(k) match · 2024
Employer contribution per active participant$1,753
Median for plans this size$3,635
2024$1,753 per active participant
2023$1,665 per active participant
2022$1,895 per active participant

United Federation of Teachers and the Uft Welfare Fund's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ADVISORY GROUP LLC · Investment management$39,698
WEAVER AND TIDWELL LLP · Accounting / audit$7,800

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$54,424 · 0.09%
2023$54,444 · 0.11%
2022$52,434 · 0.10%
All plans at this employer2
UNITED FEDERATION OF TEACHERS AND UFT WELFARE DEFERRED COMPENSATION PLAN401(k)
UNITED FEDERATION OF TEACHERS AND UFT WELFARE FUND 401(K) PLAN401(k)
Similar plansEducational Services · New York
Excelsior University NY$64.2M · 0.08%
The Masters School NY$63.2M · 0.14%
Elmira College NY$62.4M · 0.03%
Little Red School House NY$61.8M · 0.12%
Anderson Center for Autism NY$58.9M · 0.19%
Manhattan School of Music NY$58.8M · 0.24%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133545716 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.