Retirement plan

UFCW LOCAL 1500 401(K) PROFIT SHARING PLAN

Name: UFCW LOCAL 1500 AFL-CIO - UFCW LOCAL 1500 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: UFCW LOCAL 1500 AFL-CIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL 1500 401(K) PROFIT SHARING PLAN, UFCW LOCAL 1500 AFL-CIO

UFCW LOCAL 1500 AFL-CIOEIN 13-5342295Plan #002PY 2022

425 MERRICK AVENUE - WESTBURY, NY 115906601516-214-1300ufcw1500.orgLinkedIn51-200 employeesfood & beverages

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+1.5% from 2021

Total participants

+5.6% from 2021

Average account balance

$25,461

-2.2% from 2021

Annual return

-11.12%

-19.93 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.46M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

145.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$466K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+8.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$500

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$126K

$2253 / participant

Other / not subdivided$126K100.0%

% of EOY assets

8.850%

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

$25,461

$54,370-53.2%

$82,763-69.2%

$68,490-62.8%

Participation rate

98.2%

63.9%+34.3pp

72.6%+25.7pp

67.9%+30.3pp

Annual return

-11.12%

-13.67%+2.6pp

702.45%-713.6pp

-7.85%-3.3pp

Employer contribution / active EE

$2,405

$2,219+8.4%

$3,008-20.0%

$2,597-7.4%

Participant deferral / active EE

$2,941

$3,247-9.4%

$4,395-33.1%

$4,028-27.0%

Admin fee / account holder

$2,253

$4,398-48.8%

$5,325-57.7%

$5,403-58.3%

UFCW LOCAL 1500 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL 1500 401(K) PROFIT SHARING 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