Retirement plan

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Name: UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN - UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN (2024) Form 5500
Creator: UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN, UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN

UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLANEIN 23-2997353Plan #001PY 2024

3031 B WALTON ROAD - PLYMOUTH MEETING, PA 194622388610-941-9400

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$99.5M

+13.7% from 2023

Total participants

10,026

+10.2% from 2023

Average account balance

$9,920

+3.2% from 2023

Annual return

14.61%

-2.58 pp from 2023

Benchmarks

See 391 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.45M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

10,026

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$229,661
CBIZ RETIREMENT PLAN SERVICES5 years Service code 50 · EIN 31-1582098 PO BOX 632886 · CINCINNATI, OH 45263	Direct Payment	$28,375
WILLIG, WILLIAMS & DAVIDSON10+ years Service code 29 · EIN 23-2416488 1845 WALNUT STREET, 24TH FL · PHILADELPHIA, PA 19103	Legal	$22,000
KEYSTONE WEALTH ADVISORS INC1 year Filed as: KEYSTONE 74 BENEIFITS AND ADMINISTR Service code 14 3031B WALTON ROAD · PLYMOUTH MEETING, PA 19462	Plan Administrator	$21,292
RBC WEALTH MANAGEMENT10+ years Filed as: RBC WEALTH MGT, NWC 313-24576 Service code 16 · EIN 41-1416330 181 WASHNGTON ST, STE 500 · CONSHOHOCKEN, PA 19428	Consulting	$18,000
ALAN ROSS & COMPANY, PC9 years Filed as: ALAN ROSS AND COMPANY, PC Service code 10 · EIN 20-5367494 10 HEARTHSTONE CT, STE 100 · READING, PA 19606	Accounting	$8,750
HEALTHCARE STRATEGIES, INC9 years Service code 14 · EIN 23-2848954 3031B WALTON ROAD · PLYMOUTH MEETING, PA 19462	Plan Administrator	$7,097

Plan features & details

Pension benefit codes2E2F2G2J2T

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).
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$355K

$80 / participant

Investment mgmt$248K69.7%
Legal$26K7.4%
Actuarial$28K8.0%
Contract admin$28K8.0%
Other / not subdivided$25K6.9%

% of EOY assets

0.357%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALAN ROSS & COMPANY PC
Auditor EIN: 205367494
Audit fees: $8,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,920

$48,744-79.6%

$93,727-89.4%

$200,096-95.0%

Participation rate

100.0%

63.7%+36.3pp

68.7%+31.3pp

72.0%+28.0pp

Annual return

14.61%

15.36%-0.7pp

133.83%-119.2pp

34.26%-19.6pp

Employer contribution / active EE

$1,108

$1,140-2.8%

$2,421-54.2%

$3,038-63.5%

Participant deferral / active EE

$694

$2,825-75.4%

$4,417-84.3%

$5,090-86.4%

Admin fee / account holder

$35

$195-81.8%

$8,292-99.6%

$269-86.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$229,661

CBIZ RETIREMENT PLAN SERVICES5 years

Service code 50 · EIN 31-1582098

PO BOX 632886 · CINCINNATI, OH 45263

Direct Payment

$28,375

WILLIG, WILLIAMS & DAVIDSON10+ years

Service code 29 · EIN 23-2416488

1845 WALNUT STREET, 24TH FL · PHILADELPHIA, PA 19103

Legal

$22,000

KEYSTONE WEALTH ADVISORS INC1 year

Filed as: KEYSTONE 74 BENEIFITS AND ADMINISTR

Service code 14

3031B WALTON ROAD · PLYMOUTH MEETING, PA 19462

Plan Administrator

$21,292

RBC WEALTH MANAGEMENT10+ years

Filed as: RBC WEALTH MGT, NWC 313-24576

Service code 16 · EIN 41-1416330

181 WASHNGTON ST, STE 500 · CONSHOHOCKEN, PA 19428

Consulting

$18,000

ALAN ROSS & COMPANY, PC9 years

Filed as: ALAN ROSS AND COMPANY, PC

Service code 10 · EIN 20-5367494

10 HEARTHSTONE CT, STE 100 · READING, PA 19606

Accounting

$8,750

HEALTHCARE STRATEGIES, INC9 years

Service code 14 · EIN 23-2848954

3031B WALTON ROAD · PLYMOUTH MEETING, PA 19462

Plan Administrator

$7,097

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS 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