Retirement plan

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Name: UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS - UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN (2017) Form 5500
Creator: UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS
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 EMPLOYERS

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERSEIN 23-2997353Plan #001PY 2017

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

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$49.8M

+15.9% from 2016

Total participants

2,794

+10.7% from 2016

Average account balance

$17,812

+4.7% from 2016

Annual return

14.31%

+6.12 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$23,372
WILLIG, WILLIAMS & DAVIDSON3+ years Service code 29 · EIN 23-2416488	Legal	$22,000
HEALTHCARE STRATEGIES, INC2 years Service code 14 · EIN 23-2848954	Plan Administrator	$19,456
RBC WEALTH MANAGEMENT3+ years Filed as: RBC WEALTH MGT, NWC 313-24576 Service code 16 · EIN 41-1416330	Consulting	$18,000
ALAN ROSS & COMPANY, PC2 years Filed as: ALAN ROSS AND COMPANY, PC Service code 10 · EIN 20-5367494	Accounting	$7,000

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$107K

$54 / participant

Investment mgmt$41K38.7%
Contract admin$19K18.2%
Other / not subdivided$46K43.1%

% of EOY assets

0.215%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ALAN ROSS & COMPANY, PC
Auditor EIN: 205367494
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,812

$38,833-54.1%

$78,778-77.4%

$77,958-77.2%

Participation rate

100.0%

60.9%+39.1pp

69.2%+30.8pp

71.6%+28.4pp

Annual return

14.31%

20.31%-6.0pp

35.62%-21.3pp

20.87%-6.6pp

Employer contribution / active EE

$349

$840-58.5%

$1,986-82.4%

$2,310-84.9%

Participant deferral / active EE

$1,030

$1,776-42.0%

$2,958-65.2%

$3,537-70.9%

Admin fee / account holder

$38

$89-57.0%

$5,134-99.3%

$97-60.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$23,372

WILLIG, WILLIAMS & DAVIDSON3+ years

Service code 29 · EIN 23-2416488

Legal

$22,000

HEALTHCARE STRATEGIES, INC2 years

Service code 14 · EIN 23-2848954

Plan Administrator

$19,456

RBC WEALTH MANAGEMENT3+ years

Filed as: RBC WEALTH MGT, NWC 313-24576

Service code 16 · EIN 41-1416330

Consulting

$18,000

ALAN ROSS & COMPANY, PC2 years

Filed as: ALAN ROSS AND COMPANY, PC

Service code 10 · EIN 20-5367494

Accounting

$7,000

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